0/ Thread: My favourite posts out there about Startup Boards and one key lesson for each, featuring @eladgil @fdestin @naval @zebulgar @rabois @msuster @schreier. Would love to see more from people like @LucianaLix @chughesjohnson @aunder @labunleashed @aileenlee @briannekimmel..
1/ Your board members are amongst the most crucial people you'll "hire", playing key roles in strategy, hiring senior execs, fundraising, governance etc. Ideally, they're folks that you wish you could hire, but who are truly out of reach otherwise @eladgil growth.eladgil.com
2/ Tiny startups need tiny boards. Early on, speed may be your #1 KPI. Having a tight group of board members allows you to convene a board promptly & make informed decisions quickly, vs having to spend board meetings as marathon reporting sessions @fdestin @fdestin/tiny-startups-need-tiny-boards-2d5fe294ec56" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
3/ Setting up your board of directors is not a one-and-done endeavour. The makeup of your board should change as your company scales from a young organisation seeking to develop a meaningful product to a more mature startup in high-growth mode @eladgil growth.eladgil.com
4/ You can keep the board small in multiple ways: one is, donāt give up more than one board seat per round. Second, you can actually put it in the early term sheets that the investor will leave that board seat when another board seat comes in later @naval growth.eladgil.com
6/ Preparedness means creating great KPIs for managing the biz; deciding what the key strategic issues are; creating a short deck & board agenda; sharing deck 72hrs in advance; sending agenda to each member individually & setting up calls w/ them @msuster bothsidesofthetable.com
8/ Board decks donāt actually have to be decks. Some great companies use Amazon-style āmemosā that communicate the same information through text. It really comes down to the most efficient & effective mode of communication for the management team @schreier sequoiacap.com
9/ As a board member, one of the most dangerous things you can do is bringing your fear into a boardroom. It'll drive poor decisions & damaging behaviour, causing entropy at the board level, which can spread to the whole company like a virus /end @fdestin medium.com
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