I am still too early in my board member journey to call it one way or another.
This is some good stuff to watch out for – again I am fortunate to share boards with some old hands where I get to learn the ropes.
radical candour from a deep generalist
I am still too early in my board member journey to call it one way or another.
This is some good stuff to watch out for – again I am fortunate to share boards with some old hands where I get to learn the ropes.
I can’t keep up with this series.
Another good one.
Not sure you see this so much in the A around SEAsia but generally in the B and beyond you do.
Great framework for how to think about it.
What Makes a Great Independent Board Member? – Both Sides of the Table
A little birdie told me there is an interesting VC firm in this book.
I might need to pick up a copy.
This is really good advice.
How to Be a Good Board Member – Both Sides of the Table
It’s funny – there is no training on how to be a good board member.
I have read some books – there are not many on the subject.
I like this one :: https://seedvc.blog/2018/04/27/startup-boards-book/
Wonder if there are others.
I keep trying to get better at this and this is why I have always said that VC is an apprentice trade. You learn via doing and it helps to have some folks around you who have done it that don’t mind mentoring. I can’t possibly grok everything so I have to do it to learn which means I am making mistakes as I go.
Good tips in the post – moving to notebooks with a pen is a big one I try to adhere to. Makes you think more and pay more attention to the meeting.
As usual Fred has a good framework and love his openness on how this works.
The “Doubling Model” For Fundraising – AVC
Of course this isn’t paired with what a specific startup needs to be doing to get these numbers but still a good working model.
Even comes with a handy spreadsheet :: https://docs.google.com/spreadsheets/d/1ARV_p0BqWIpsK7019p710qPZI72Jp_4NSU64xtblEyE/edit?usp=sharing
Another awesome Startup Boards post by Suster.
Lots a of nuances here. I have been in some board meetings where I attend as the CTO but there were way too many people in the meeting.
I think there are reasons to have some meetings with lots of management but not sure that is a board meeting.
His chart in the post is good helps to give a good outline for how to handle different scenarios.
I am mostly dealing with seed stuff and the boards are small and generally the founders don’t bring all the management.
However I can see some scenarios where they might join and how that helps to expose the board and the senior management to the whole process.
Should All of Management Attend Board Meetings? – Both Sides of the Table
#1 was here :: https://seedvc.blog/2019/02/20/startup-boards-both-sides-of-the-table/
Here is the next one in the Startup Boards series.
Who Should be on Your Startup Board? – Both Sides of the Table
This is super good. It’s funny when I see seed companies in SEA at seed either think they don’t need or want a board – or haven’t even thought about it.
I suggest it is good to have a board from seed or first institutional money in and from there on out.
I think his chart is pretty good – only thing we have noticed is sometimes at A the seed board seat is gone for the A board member. Maybe the seed investor takes an observer seat or something versus the board expanding to 5 members to accommodate both the seed and A board member.
This is going to be a great series of posts.
Startup Boards.
Startup Boards – Both Sides of the Table
Here is a good book on the subject BTW :: https://seedvc.blog/2018/04/27/startup-boards-book/
This is a good post pointing to a few of the other threads and posts talking about the Seed Slump.
I think this tweet is good as well:
These are the takeaways:
State of the Cloud 2019 · Bessemer Venture Partners:
Operate with G.R.I.T.
Operational rigor is what separates early stage companies from the most influential cloud leaders. But take comfort in the fact that it’s possible: Twilio’s Jeff Lawson and Shopify’s Tobias Lütke are just two examples of the many first-time founders who were running cloud businesses during and post-recession.
At Bessemer, we recommend cloud founders operate on G.R.I.T.— a critical set of metrics that resilient, enduring cloud companies use as yardsticks of success.
This is pretty good read but it may not be apparent what G.R.I.T. is :
G = Growth
R = Retention
I = Money in the Bank
T = Targeted Spend