Board of Directors

Bootstrapping with Brad Feld

Tom and Tony of tastytrade talk with Brad about Foundry Group, Techstars and Bootstrapping… Related articles Startup Life Interview With Sandy Grason The Kentucky Thesis How Is Your Q1 Going? ” Feld Thoughts Feld Thoughts

Wilson: The Board Of Directors – Selecting, Electing & Evolving

Fred Wilson (USV) must not be at SXSW because he’s got a great post up titled The Board Of Directors – Selecting, Electing & Evolving. While having a great post up and being at SXSW don’t have to be mutually exclusive, all of the other VC Posts that I saw this morning said something like “here’s…

Should I Pay My Venture Capitalist To Consult For My Company?

Q:  My company is backed by VC firm to whom we also pay a $2k/month "consulting fee." We have raised approximately $2MM from them in a Series A. Is that type of consulting payment typical in an early stage venture? A:  (Jason)  I want to vomit again.  We received this question just a  few short…

What’s An Appropriate Equity Package For A Founding Board Member?

Q: I am trying to determine the appropriate equity position for my startup’s board members.  They are arguing that they are "founding" board members. They have put in a few hours a month of their time for around a year, have been very helpful with introductions, and have sat in on VC meetings.  We are…

Choosing Board Members

Fred Wilson has today’s outstanding post titled Thoughts on Choosing Board Members.  I’ve sat on a number of boards with Fred and agree completely with everything he said in his post.

The Wizard on Early Stage Board of Directors

Dick Costolo (aka Mr. Ask the Wizard) – the founder/CEO of FeedBurner (now a Googler) has another outstanding post up titled Early Stage Board of Directors.  In his delicious way, Dick talks through how he thinks about the potential composition of a Series A board and gives entrepreneurs some ammunition for their potential investors when…

The Role of an Early Stage Board of Directors

I have 57 unanswered questions in my “AsktheVC” folder.  There are 77 days left in 2007.  That’s less than one a day.  I should be able to get the folder to 0 by the end of 2007.  Nothing like a little goal.  Of course, that assumes no new questions which you – fair reader –…

Creating a Board of Directors During an Angel Round

Q: We are in the process of raising early financing. Should the board be built after money is raised to meet the needs of the company and investors or should the board be used as a method to recruit angel investors? A: (Brad) I view the creation of a board and the raising of an…

Board Package Series – Overview and CEO Critical Thoughts

We continue our board package series with perhaps the most important section of any meeting and package: the CEO executive summary.  Again, Chris takes us through his thoughts. In my humble opinion, this section of a board package is really where the rubber meets the road. Think of this section as part state of the…