The Solitary Sorrows of Start-up Supremacy & The Suit-Clad Saviours: A Tale of Founders and Non-Executive Directors
In the sprawling digital age, where even your fridge can send you text messages about milk, and drones might just replace postmen (who will we chat to now?), there's an emerging species of people that, despite their glistening CVs, are suffering in silence: founders.
Picture this. The founder, alone in an office, walls plastered with sticky notes that have long lost their stickiness and purpose. They’re shuffling through paperwork, thinking about taxes, HR, marketing, and a plethora of other fancy titles that were once exciting but now feel like a tight shoe on a long walk. The echo of every tapping keyboard key emphasises their solitude. It's a bit like a haunted mansion, only with ergonomic chairs and cold-brewed coffee.
This isn't to say that every founder experiences loneliness – some thrive in the thrilling chaos. I know that I personally have experienced both scenarios!
But let's be candid: behind many an entrepreneurial dream lies a hidden reality of anxiety, confusion, and occasionally the desire to run into the woods and take up professional squirrel watching.
Enter the Non-Executive Director (NED)
Think of a NED as a corporate fairy godmother (or godfather), except instead of granting you glass slippers, they offer market insights and strategy advice. They wear smart casual attire – less glass slipper, more suede Chelsea boots.
For those unfamiliar with the concept, a NED is a bit like the Samaritans but with sharper shoes and a better understanding of your balance sheet. They're not there for day-to-day management but rather offer an independent perspective on the bigger picture. They have been there, done that, and instead of a lousy t-shirt, they came out with wisdom.
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Why might a founder need a NED?
1. Solitude Softener: Founders often bear the weight of their business alone, making decisions in isolation. A NED can be the sounding board, turning monologues into dialogues, and perhaps, saving the founder from themselves. Because let's face it, who hasn’t made a daft decision at 3 am?
2. The Voice of Reason: NEDs come with experience. When a founder is about to plunge headfirst into a potentially disastrous endeavour, a NED might gently (or not so gently) point out that it’s more a cliff than a pool they’re diving into.
3. Strategic Sidekick: When navigating the uncertain waters of entrepreneurship, having a skilled navigator can make all the difference. Or in layman's terms, it's like having a GPS when you’re hopelessly lost on a country road, and your only company is an increasingly sarcastic sat-nav.
So, next time you see a founder, spare them a thought. They're probably mulling over world domination or how to convince their cat to become the next office mascot. And if you happen to be that lonely founder, consider enlisting a Non-Executive Director. They might just be the suit-clad saviour you never knew you needed.
And remember, in the words of that old classic: "It's lonely at the top... but at least the view is unparalleled, and you've got a swanky office chair."
US, UK & MENA | Trusted by Funders, I help Tech start up / Scale Ups get ‘Ready to Raise', ‘Connected to capital, and ‘Land & Expand’ in new global locations. Mission - Reducing the failure in 5yrs ratio ??
1 年Great Insight, Ian… Commenting for my US network - The closest thing to a NED in the US is a Fractional Executive!