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Your board should protect you!

Berkonomics

All other board functions are secondary. Even venture capitalists who sit on boards where they have significant investments often forget this point. Actually, there are two legal duties of board members. Sometimes, there will be a conflict of interest between the people representing the various shareholder classes on a board.

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The Pre-Board Board: How to Create Accountability Before You Give Away a Board Seat

This is going to be BIG.

Typically, investors don’t take a board seat until you raise your first equity round—which means that it could be *years* before you have a real board meeting: A year of nights/weekends work researching, prototyping, and fundraising. The structure of the meeting should follow some kind of document. I’ll make it simple.

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Should board members be elected “for life?”

Berkonomics

No board member should be grandfathered, guaranteed a board seat forever. We have investigated the restrictions imposed by investment documents and the obvious need to keep continuity on the board with the retention of the CEO position at the very least. How about non-profit boards? And that’s not good.

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Fight for balance on your board!

Berkonomics

Picking up where we left off… In my last insight, I described the CEO who stacked the board with two friends, making a majority for control purposes and relegating the investor representatives to insignificance. If the CEO does not fight for balance of the board, outside board members must fight for this to protect the corporation.

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Klarity lands $18M to read scores of documents so you don’t have to

TechCrunch

Reviewing repetitive documents is, well, repetitive, but Klarity believes people don’t have to do all of that and is building an artificial intelligence tool, targeting finance and accounting departments, that turns documents into structured data. Document automation is not a new concept. Image Credits: Klarity.

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Getting serious about Series B: 3 documents that will help founders control the narrative

TechCrunch

He serves on the boards of OCEANIX, Atom Computing, Conscious Cultures and MycoWorks. You want to proactively manage the order in which people access information and focus their attention on a few key documents that they can return to when they fall down a rabbit hole. An elegant strategy memo is your most important document.

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Who Should be on Your Startup Board?

Both Sides of the Table

One of the things that founders have the most angst about is whom they should have on their board and at what stage of the business. This is smart because amazing board members can be transformative with important advice and access and can also help attract other great board members (and team members).

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