“The relationship often falls in two ways: sometimes investors become micromanagers haunting the growth of the companies, sometimes investors can’t even get involved. The first thing to remember is to keep the right distance, stay on board, but don’t give companies the feeling of being micromanaged. Try give a call every other week on daily matters, give some advice but control the big picture”.
“Entrepreneurs should put a lot more responsibilities on board members and not be afraid doing so. If the board is only for corp gov and you reporting to them you’ve failed”.