Building a strong board of directors is crucial from "summary" of Mastering the VC Game by Jeffrey Bussgang
The importance of building a strong board of directors cannot be overstated. A board is not just a group of people who meet occasionally to discuss the company's progress. Instead, it is a critical component of a company's success or failure. A strong board can provide valuable guidance, connections, and oversight that can help propel a company to new heights. On the other hand, a weak or dysfunctional board can be a significant hindrance to a company's growth and development.
When building a board, it is crucial to consider a variety of factors. First and foremost, the composition of the board is essential. Ideally, a board should consist of individuals with diverse backgrounds and expertise. This diversity can bring different perspectives to the table and help ensure that the board is well-equipped to address the various challenges and opportunities that the company may face.
Another...
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