“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”.
“For us, we really try to focus on and add value around our core skill set both because founders want and need it and it’s something we know really well. That can happen as a board member (we have seats currently on four boards) but doesn’t necessarily need to – we just need to be able to offer our expertise and ideas and make sure they’re taken seriously. Obviously, transparency and honesty is the key to a healthy relationship between the board and the CEO”.
“The best board members “work for the CEO as long as they support the CEO.” If they don’t support her, they should do something (which could mean changing the CEO, or working hard with her to get back to a place of support). For me – that’s the fundamental “trick” to being an effective board member”
“Many board members and VCs do not add value to a startup or founders. Many are just burning money or want 10x returns without the right efforts, dedication and patience. I prefer GPs, investors to be more empathetic and understanding with entrepreneurs”