Brad Feld, Matt Blumberg, Mahendra Ramsinghani

Startup Boards

A Field Guide to Building and Leading an Effective Board of Directors

• Gebundenes Buch

Produktbeschreibung

A comprehensive guide on creating, growing, and leveraging a board of directors written for CEOs, board members, and people seeking board roles.

The first time many founders see the inside of a board room is when they step in to lead their board. But how do boards work? How should they be structured, managed, and leveraged so that startups can grow, avoid pitfalls, and get the best out of their boards? Authors Brad Feld, Mahendra Ramsinghani, and Matt Blumberg have collectively served on hundreds of startup and scaleup boards over the past 30 years, attended thousands of board meetings, encountered multiple personalities and situations, and seen the good, bad, and ugly of boards.

In Startup Boards: A Field Guide to Building and Leading an Effective Board of Directors, the authors provide seasoned advice and guidance to CEOs, board members, investors, and anyone aspiring to serve on a board. This comprehensive book covers a wide range of topics with relevant tips, tactics, and best practices, including:
_ Board fundamentals such as the board's purpose, legal characteristics, and roles and functions of board members;
_ Creating a board including size, composition, roles of VCs and independent directors, what to look for in a director, and how to recruit directors;
_ Compensating, onboarding, removing directors, and suggestions on building a diverse board;
_ Preparing for and running board meetings;
_ The board's role in transactions including selling a company, buying a company, going public, and going out of business;
_ Advice for independent and aspiring directors.

Startup Boards draws on the authors' experience and includes stories from board members, startup founders, executives, and investors. Any CEO, board member, investor, or executive interested in creating an active, involved, and engaged board should read this book--and keep it handy for reference.

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Produktdetails

• Verlag: Wiley / Wiley & Sons
• Artikelnr. des Verlages: 1W119859280
• 2. Aufl.
• Seitenzahl: 256
• Erscheinungstermin: 10. Juni 2022
• Englisch
• Abmessung: 234mm x 155mm x 29mm
• Gewicht: 526g
• ISBN-13: 9781119859284
• ISBN-10: 111985928X
• Artikelnr.: 62354019

Autorenporträt

BRAD FELD has invested in startups for over 25 years and co-founded Foundry and Techstars. He is the author of multiple books, including Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist and Startup Communities: Building an Entrepreneurial Ecosystem in Your City. MATT BLUMBERG is the CEO of Bolster, an on-demand talent marketplace that supports startup and scaleup CEOs. He is the author of Startup CEO: A Field Guide to Scaling Up Your Business and Startup CXO: A Field Guide to Scaling Up Your Company's Critical Functions and Teams. MAHENDRA RAMSINGHANI is the founder of Secure Octane, a cybersecurity seed fund in the San Francisco Bay area. He is the author of The Business of Venture Capital and The Resilient Founder: Lessons in Endurance from Startup Entrepreneurs.

Inhaltsangabe

Foreword xiii

Prefacex vii

Section 1: Board Fundamentals 1

Chapter 1: Introduction 3

What's New in the Second Edition 4

Who This Book Is For 6

Magic Words, Phrases, Abbreviations, and Style 7

Note 9

Chapter 2 : The Board's Purpose 11

Accountability 12

General Responsibilities 12

Chapter 3: Legal Characteristics 15

A Board Member's Legal Duties 16

Addressing Conflicting Duties 18

Benefit Corporations and the B Corp Movement 20

Should You Get D&O Insurance? 21

Note 23

Chapter 4: Board Member Roles 25

Chair or Lead Director 25

Executive Chair 28

Should You Be Chair of Your Board? 29

Independent Board Members 30

Board Observers 30

Outside Counsel 32

Note 34

Chapter 5: Board Functions 35

The Role of Board Committees 35

Informal Responsibilities of a Board 36

Control Priorities 37

Being Rich and Queen (or King) 39

Shareholder Rights 40

Economic and Performance Priorities 41

Emotional Priorities: Trust, Judgment, and Transparency 42

Notes 43

Section 2: Creating Your Board 45

Chapter 6: Size and Composition 47

Management 48

Investors 49

Independents 50

Matt's Rule of 1s 51

Notes 52

Chapter 7: VCs and Boards 53

Notes 56

Chapter 8: Board Evolution 57

Startup Stages 57

Limiting the Number of Investor Board Members 59

Managing Independent Seats 60

Chapter 9: What to Look for in a Director 63

General Skills 63

Fit with Your Existing Board 64

What Does Your Company Need? 65

Experiences 66

Attributes 69

Governance Philosophy 69

Chapter 10: Recruiting and Interviewing Board Members 71

Sourcing 71

The Interview Process 73

Interviewing VCs Before They Join Your Board 76

Chapter 11: Compensation 77

VCs and Management 77

Independent Directors 78

Notes 80

Chapter 12: Board Diversity 81

Unconscious Bias 81

The First Step: Appoint Independent Directors Early 83

The Second Step: Open Your Search to Board- Ready First- Timers 83

Notes 86

Chapter 13: Onboarding Your Directors 87

Using Employee Onboarding as a Guide 87

Onboarding New Directors 88

Interacting with Your Team 89

Chapter 14: Removing a Board Member 91

Removing a Founder Director 92

Removing an Investor Director 92

Removing an Independent Director 93

Getting Rid of the Entire Board 94

Notes 95

Chapter 15: Is an Advisory Board Useful? 97

Board of Directors vs. Advisory Board 98

Attributes of a Useful Advisory Board Member 99

Selecting Advisory Board Members 100

Building an Advisory Board 100

Challenges of Advisory Boards 101

Notes 102

Section 3: Preparing for and Running the Board Meeting 103

Chapter 16: Preparing for the Board Meeting 105

The Value of Preparation 106

The Meeting Agenda 107

Focus on Critical Items 108

The Board Book 109

Creating an Annual Calendar 113

Notes 114

Chapter 17: Meeting Dynamics 115

Seating 115

The Meeting Length 116

Including Your Team in the Board Meet