Boards are dangerous to founder/CEOs
Stellar advice and completely agree.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.Here’s the question to ask yourself as a founder:What am I doing all this work for?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.Yet the most common case is that an unknown investor will lead your next round, not your current.So all this massive overhead on your time & attention is just the cost of capital.Your team needs you. Your customers need you. Your mission needs you.Your investors do not need you. They just need an outcome.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.Read Blueprint to a Billion. Companies with too many investor seats die.