Comments on: Every Company Needs a Board of Directors – Startups Too

By: veteriner

veteriner — Mon, 12 Sep 2011 10:35:00 +0000

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By: Will

Will — Fri, 17 Jun 2011 14:13:00 +0000

Excellent points. It’s murder to find good board members. I like the idea of a trial run, I just don’t know if truly great people will go for it if it’s too casual. I wonder if a 1+3 year board term might do the same thing? After one year, either party has the right to terminate (of course, termination can happen at any time anyway, but setting the date makes it more clear to everyone that a judgement will be made at a certain time). If both parties agree to continue after the first year, then there is a 3 years added term. As an incentive, compensation can be slightly front-end loaded.

Thoughts?

By: bmatichuk

bmatichuk — Wed, 15 Jun 2011 21:14:00 +0000

The problem with board members is that its hard to find a good group that really care about the product, the customers, the business etc. and that work well as a group. There are plenty of people out there that look like great board candidates on paper, but in the boardroom are useless. I’ve been involved in several boards, some that worked and others that didn’t. I’ve found that if the boardroom dynamics get out of whack because of a few dominating people and/or a lack of real cohesion, then having a board is worse than not having. one. To build the board, startups should have a series of small advisor workshops first that can be used to discover the best potential board candidates.

By: Anonymous

Anonymous — Sat, 07 May 2011 09:05:00 +0000

If so, I’d like to hear it. “It’s hard,” by the way, doesn’t count. You’re an entrepreneur, just work harder and smarter to get it done. aluminyum Political leaders and ask them who they and their staff and designated representatives have been talking to. prefabrik

By: Anonymous

Anonymous — Sat, 07 May 2011 09:05:00 +0000

By: Anonymous

Anonymous — Thu, 05 May 2011 06:41:00 +0000

Virtually no one outside wants your job. If they did, they’d just go start another company or take their money to another playground.

By: office chairs

office chairs — Fri, 11 Mar 2011 07:17:00 +0000

But even without funding, companies should establish and use a board of directors made up of people from inside and outside the company. A board of qualified people can offer great benefits to a company, its management and its founders.

http://www.2.elesya.com

By: office chairs

office chairs — Fri, 11 Mar 2011 07:17:00 +0000

http://www.2.elesya.com

By: Why Startup Companies Need a Board of Directors | The Sounding Board

Why Startup Companies Need a Board of Directors | The Sounding Board — Tue, 31 Aug 2010 15:03:12 +0000

[...] directors will take that role more seriously than outside advisors or consultants, writes business blogger Will Herman, because they have a fiduciary responsibility to seeing the business [...]

By: 99posts

99posts — Fri, 25 Jun 2010 00:44:35 +0000

I find this article well written. Regarding board members the difficult part is finding someone who's visions and efforts are true to
the company's success. In other words who's idea of profit & momentum works with the success of the company and not just
for the popularity of the 'deal'.

If/when I consult with a member of the board it's to ensure that a partnership with an outside entity, or direction of the product
as a result of that partnership will yield continued successes to the company without taking on more risk than is necessary to
ensure the future success using such a relationship. It's a tricky balance that often requires some guidance, or leadership
from the board who's 'hopefully' been engaged in such a process before and can give the best advice.

That kind of history is something that a founder such as my self can't simply study then implement. The results of which
can potentially tank the company.