Boards are dangerous to founder/CEOs
Stellar advice and completely agree.<p>My Series A was freshly inked and six months later I was removed. The company’s fundamentals never improved and the company was later acquired-hired.<p>Here’s the question to ask yourself as a founder:<p>What am I doing all this work for?<p>There is only one job an investor board member has - to enable you to raise the next round. All their advice boils down to that.<p>Yet the most common case is that an unknown investor will lead your next round, not your current.<p>So all this massive overhead on your time & attention is just the cost of capital.<p>Your team needs you. Your customers need you. Your mission needs you.<p>Your investors do not need you. They just need an outcome.<p>Even this article is tame. I routinely hear that board members do not read prep materials, fail to understand how the business is evolving, and pontificate. It’s a living nightmare when time is of the essence.<p>Read Blueprint to a Billion. Companies with too many investor seats die.