Management
Every day as a startup founder you face many choices. Where should you go next with product development, customer acquisition, new investors, hiring more people, changing vendors, streamlining operations, and more? It can be overwhelming. Very often the answer begins with first addressing the key strategy question: What is it time for, now?
Read MoreYou are a startup CEO, you have raised some seed capital, now you have a board, and you have your first meeting coming up. That is good news for you, your business, and your investors. It may seem daunting and extra work on top of everything else you have to do.
I hope you will come to see having a board as a good thing, because you will:
Get to step back from the day-to-day challenges and have a clear view of your opportunities and challenges
Benefit from the perspective of experienced people who know different parts of the business, care about results, and have a fiduciary responsibility to your shareholders
Take care of important details such as board resolutions, cash flow statements, cap tables, etc. now, rather than later when investors may require them and you forgot important items
Get help laying out the most important milestones and projects
