Why Every Startup Needs Independent Board Members And Why Now
Much has been written about the governance of public companies, and both Nasdaq and NYSE have explicit rules regarding the requirements for and number of independent supervisory board members on boards and board committees.?
Venture capital funded startups are private companies which have no such requirements unless and until they go public. The boards of these startups are often dominated by the representatives of the venture capital firms, and many lack an independent board member on their path to becoming unicorns.
Practitioners and thought leaders like Mark Suster , Brad Feld , and Elad Gil have extensively opined on why founders and venture capitalists need to fill this critical role as early as Series A.
More about what founders of VC funded startups should look for and how to go about it ??
"The life you experience is simply a reflection of your mindset."
1 年not necessarily. If you have competent board members then things move smooth.
Vice President - Business Development at SAP
1 年Thank you for sharing, Christian! Valuable advice for founders. Just make sure to also understand what motivates an independent director to join your board.