Running/Leading a Board is a big challenge which often becomes worse when a VC joins the board. Entrepreneurs should put in the disciplines ahead of time
Some tips from “Venturing Forward”
1. Successful board meetings are ones with no surprises – making decisions not trading information
2. Fiduciary responsibility is paramount
3. Controlled meeting
4. Board book, Agendas, Minutes
Link on Board of Directors
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Quote: VCs do join boards and in my opinion so they should. When choosing an investor, company should not be asking, “Do you take a board seat?” The more important question is, “When you join my board what are you going to do and why?”
http://www.thechilli.com/articles/speakersCorner/016_quester.asp
Regards,
Nagendra
@ Startups.in
Hey sanjay,
Great set of posts. !
Rajan