Startup Boards

Getting the Most Out of Your Board of Directors

Author: Brad Feld,Mahendra Ramsinghani

Publisher: John Wiley & Sons

ISBN: 1118516826

Category: Business & Economics

Page: 240

View: 1061

An essential guide to understanding the dynamics of a startup's board of directors Let's face it, as founders and entrepreneurs, you have a lot on your plate—getting to your minimum viable product, developing customer interaction, hiring team members, and managing the accounts/books. Sooner or later, you have a board of directors, three to five (or even seven) Type A personalities who seek your attention and at times will tell you what to do. While you might be hesitant to form a board, establishing an objective outside group is essential for startups, especially to keep you on track, call you out when you flail, and in some cases, save you from yourself. In Startup Boards, Brad Feld—a Boulder, Colorado-based entrepreneur turned-venture capitalist—shares his experience in this area by talking about the importance of having the right board members on your team and how to manage them well. Along the way, he shares valuable insights on various aspects of the board, including how they can support you, help you understand your startup's milestones and get to them faster, and hold you accountable. Details the process of choosing board members, including interviewing many people, checking references, and remembering that there should be no fear in rejecting a wrong fit Explores the importance of running great meetings, mixing social time with business time, and much more Recommends being a board member yourself at some other organization so you see the other side of the equation Engaging and informative, Startup Boards is a practical guide to one of the most important pieces of the startup puzzle.

Startup Boards

Getting the Most Out of Your Board of Directors

Author: Brad Feld,Mahendra Ramsinghani

Publisher: John Wiley & Sons

ISBN: 1118516842

Category: Business & Economics

Page: 240

View: 1106

An essential guide to understanding the dynamics of a startup's board of directors Let's face it, as founders and entrepreneurs, you have a lot on your plate—getting to your minimum viable product, developing customer interaction, hiring team members, and managing the accounts/books. Sooner or later, you have a board of directors, three to five (or even seven) Type A personalities who seek your attention and at times will tell you what to do. While you might be hesitant to form a board, establishing an objective outside group is essential for startups, especially to keep you on track, call you out when you flail, and in some cases, save you from yourself. In Startup Boards, Brad Feld—a Boulder, Colorado-based entrepreneur turned-venture capitalist—shares his experience in this area by talking about the importance of having the right board members on your team and how to manage them well. Along the way, he shares valuable insights on various aspects of the board, including how they can support you, help you understand your startup's milestones and get to them faster, and hold you accountable. Details the process of choosing board members, including interviewing many people, checking references, and remembering that there should be no fear in rejecting a wrong fit Explores the importance of running great meetings, mixing social time with business time, and much more Recommends being a board member yourself at some other organization so you see the other side of the equation Engaging and informative, Startup Boards is a practical guide to one of the most important pieces of the startup puzzle.

Startup Boards

Getting the Most Out of Your Board of Directors

Author: Brad Feld,Mahendra Ramsinghani

Publisher: John Wiley & Sons

ISBN: 1118443667

Category: Business & Economics

Page: 240

View: 6991

An essential guide to understanding the dynamics of a startup's board of directors Let's face it, as founders and entrepreneurs, you have a lot on your plate—getting to your minimum viable product, developing customer interaction, hiring team members, and managing the accounts/books. Sooner or later, you have a board of directors, three to five (or even seven) Type A personalities who seek your attention and at times will tell you what to do. While you might be hesitant to form a board, establishing an objective outside group is essential for startups, especially to keep you on track, call you out when you flail, and in some cases, save you from yourself. In Startup Boards, Brad Feld—a Boulder, Colorado-based entrepreneur turned-venture capitalist—shares his experience in this area by talking about the importance of having the right board members on your team and how to manage them well. Along the way, he shares valuable insights on various aspects of the board, including how they can support you, help you understand your startup's milestones and get to them faster, and hold you accountable. Details the process of choosing board members, including interviewing many people, checking references, and remembering that there should be no fear in rejecting a wrong fit Explores the importance of running great meetings, mixing social time with business time, and much more Recommends being a board member yourself at some other organization so you see the other side of the equation Engaging and informative, Startup Boards is a practical guide to one of the most important pieces of the startup puzzle.

Startup CEO

A Field Guide to Scaling Up Your Business, + Website

Author: Matt Blumberg

Publisher: John Wiley & Sons

ISBN: 1118683153

Category: Business & Economics

Page: 400

View: 3294

A definitive book for any CEO—first time or otherwise—of a high-growth company While big company CEOs are usually groomed for the job for years, startup CEOs aren't—and they're often young and relatively inexperienced in business in general. Author Matt Blumberg, a technology and marketing entrepreneur, knows this all too well. Back in 1999, he started a company called Return Path, which later became the driving force behind the creation of his blog, OnlyOnce—because "you're only a first time CEO once." Now, more than a decade later, he's written Startup CEO. As the fifth book in the StartUp Revolution series, this reliable resource is based on Blumberg's experience as a startup CEO and covers a number of issues he's faced over the dozen years he's been a CEO. Offers valuable insights into how the CEO sets the overall vision and strategy of the company and communicates it to all stakeholders Discusses how to build a company's human capital by recruiting, hiring, and retaining the very best talent Examines how a CEO must align available resources with the company's strategy in order to ensure success Addresses what it takes to master the "How" of being a CEO—from leading an executive team to managing in any type of market Engaging and informative, this book is essential reading for any, and every, CEO.

Startup Communities

Building an Entrepreneurial Ecosystem in Your City

Author: Brad Feld

Publisher: John Wiley & Sons

ISBN: 1118483316

Category: Business & Economics

Page: 224

View: 6452

An essential guide to building supportive entrepreneurial communities "Startup communities" are popping up everywhere, from cities like Boulder to Boston and even in countries such as Iceland. These types of entrepreneurial ecosystems are driving innovation and small business energy. Startup Communities documents the buzz, strategy, long-term perspective, and dynamics of building communities of entrepreneurs who can feed off of each other's talent, creativity, and support. Based on more than twenty years of Boulder-based entrepreneur turned-venture capitalist Brad Feld's experience in the field?as well as contributions from other innovative startup communities?this reliable resource skillfully explores what it takes to create an entrepreneurial community in any city, at any time. Along the way, it offers valuable insights into increasing the breadth and depth of the entrepreneurial ecosystem by multiplying connections among entrepreneurs and mentors, improving access to entrepreneurial education, and much more. Details the four critical principles needed to form a sustainable startup community Perfect for entrepreneurs and venture capitalists seeking fresh ideas and new opportunities Written by Brad Feld, a thought-leader in this field who has been an early-stage investor and successful entrepreneur for more than twenty years Engaging and informative, this practical guide not only shows you how startup communities work, but it also shows you how to make them work anywhere in the world.

Startup Life

Surviving and Thriving in a Relationship with an Entrepreneur

Author: Brad Feld,Amy Batchelor

Publisher: John Wiley & Sons

ISBN: 1118443640

Category: Business & Economics

Page: 224

View: 5428

A Boulder, Colorado-based entrepreneur turned-venture capitalist, drawing on his 20 years of experience, provides practical advice for adapting to change, overcoming the inevitable ups and downs associated with the entrepreneurial lifestyle and maintaining a successful marriage/relationship.

Straight Talk for Startups

100 Insider Rules for Beating the Odds--From Mastering the Fundamentals to Selecting Investors, Fundraising, Managing Boards, and Achieving Liquidity

Author: Randy Komisar,Jantoon Reigersman

Publisher: HarperCollins

ISBN: 0062869078

Category: Business & Economics

Page: 304

View: 4921

"Straight Talk for Startups memorializes age-old best practices and empowers both experienced and new investment professionals to beat the odds."—David Krane, CEO, Google Ventures "Straight Talk for Startups is filled with real, raw, and fact-based ‘rules of the road’ that you need to know when diving into our ultra-competitive startup world. A must read and a re-read!"—Tony Fadell, Coinventor of the iPod/iPhone & Founder of Nest Labs Veteran venture capitalist Randy Komisar and finance executive Jantoon Reigersman share no-nonsense, counterintuitive guidelines to help anyone build a successful startup. Over the course of their careers, Randy Komisar and Jantoon Reigersman continue to see startups crash and burn because they forget the timeless lessons of entrepreneurship. But, as Komisar and Reigersman show, you can beat the odds if you quickly learn what insiders know about what it takes to build a healthy foundation for a thriving venture. In Straight Talk for Startups they walk budding entrepreneurs through 100 essential rules—from pitching your idea to selecting investors to managing your board to deciding how and when to achieve liquidity. Culled from their own decades of experience, as well as the experiences of their many successful colleagues and friends, the rules are organized under broad topics, from "Mastering the Fundamentals" and "Selecting the Right Investors," to "The Ideal Fundraise," "Building and Managing Effective Boards," and "Achieving Liquidity." Vital rules you’ll find in Straight Talk for Startups include: The best ideas originate from founders who are users Create two business plans: an execution plan and an aspirational plan Net income is an option, but cash flow is a fact Don’t accept money from strangers Personal wealth doesn’t equal good investing Small boards are better than big ones Add independent board members for expertise and objectivity Too many unanimous board decisions are a sign of trouble Choose an acquirer, don’t wait to be chosen Learn the rules by heart so you know when to break them Filled with helpful real-life examples and specific, actionable advice, Straight Talk for Startups is the ideal handbook for anyone running, working for, or thinking about creating a startup, or just curious about what makes high-potential ventures tick.

Do More Faster

TechStars Lessons to Accelerate Your Startup

Author: Brad Feld,David Cohen

Publisher: John Wiley & Sons

ISBN: 9780470948798

Category: Business & Economics

Page: 352

View: 9967

Practical advice from some of today's top early stage investors and entrepreneurs TechStars is a mentorship-driven startup accelerator with operations in three U.S. cities. Once a year in each city, it funds about ten Internet startups with a small amount of capital and surrounds them with around fifty top Internet entrepreneurs and investors. Historically, about seventy-five percent of the companies that go through TechStars raise a meaningful amount of angel or venture capital. Do More Faster: TechStars Lessons to Accelerate Your Startup is a collection of advice that comes from individuals who have passed through, or are part of, this proven program. Each vignette is an exploration of information often heard during the TechStars program and provides practical insights into early stage entrepreneurship. Contains seven sections, each focusing on a major theme within the TechStars program, including idea and vision, fundraising, legal and structure, and work/life balance Created by two highly regarded experts in the world of early stage investing Essays in each section come from the experienced author team as well as TechStar mentors, entrepreneurs, and founders of companies While you'll ultimately have to make your own decisions about what's right for your business, Do More Faster: TechStars Lessons to Accelerate Your Startup can get your entrepreneurial endeavor headed in the right direction.

Creating Effective Boards for Private Enterprises

Meeting the Challenges of Continuity and Competition

Author: John Ward

Publisher: Jossey-Bass

ISBN: N.A

Category: Business & Economics

Page: 264

View: 8598

The most complete handbook on boards for small to midsize private and family businesses. Shows how an active board of directors made up of seasoned business owners and executives can provide the objective feedback and business acumen that will help private firms face new competitive challenges while addressing such key concerns as succession and long-range planning.

The Handbook of Board Governance

A Comprehensive Guide for Public, Private, and Not-for-Profit Board Members

Author: Richard Leblanc

Publisher: John Wiley & Sons

ISBN: 1118895371

Category: Business & Economics

Page: 888

View: 6993

Build a more effective board with insight from the forefront of corporate governance The Handbook of Board Governance provides comprehensive, expert-led coverage of all aspects of corporate governance for public, nonprofit, and private boards. Written by collaboration among subject matter experts, this book combines academic rigor and practitioner experience to provide thorough guidance and deep insight. From diversity, effectiveness, and responsibilities, to compensation, succession planning, and financial literacy, the topics are at once broad-ranging and highly relevant to current and aspiring directors. The coverage applies to governance at public companies, private and small or medium companies, state-owned enterprises, family owned organizations, and more, to ensure complete and clear guidance on a diverse range of issues. An all-star contributor list including Ram Charan, Bob Monks, Nell Minow, and Mark Nadler, among others, gives you the insight of thought leaders in the areas relevant to your organization. A well-functioning board is essential to an organization’s achievement. Whether the goal is furthering a mission or dominating a market, the board’s composition, strategy, and practices are a determining factor in the organization’s ultimate success. This guide provides the information essential to building a board that works. Delve into the board’s strategic role in value creation Gain useful insight into compensation, risk, accountability, legal obligations Understand the many competencies required of an effective director Get up to speed on blind spots, trendspotting, and social media in the board room The board is responsible for a vast and varied collection of duties, but the singular mission is to push the organization forward. Poor organization, one-sided composition, inefficient practices, and ineffective oversight detract from that mission, but all can be avoided. The Handbook of Board Governance provides practical guidance and expert insight relevant to board members across the spectrum.

Advisory Boards in Startups

Investigating the Roles of Advisory Boards in German Technology-Based Startups

Author: Eric Weber

Publisher: Springer

ISBN: 3658153407

Category: Business & Economics

Page: 244

View: 451

The author shows that advisory boards in technology-based startups have seven different roles and functions: control, advice, networking, signalling, capital provision, co-management, coordination. It is shown that venture capital investors try to influence the importance of these roles in favour of control, coordination and co-management. Contrary to this, the satisfaction of founders as well as advisory board members increases with a higher importance of advice, networking and signalling. This analysis provides both qualitative and quantitative empirical data on the usage of those boards in practice.

The Startup Playbook

Secrets of the Fastest-Growing Startups from Their Founding Entrepreneurs

Author: David Kidder

Publisher: Chronicle Books

ISBN: 1452105049

Category: Business & Economics

Page: 291

View: 1088

Outlines the managerial decisions and leadership goals that guide a startup business to success, and provides tips and advice from the founders of such companies as Spanx, Zipcar, Flickr, Honest Tea, and LinkedIn.

The Founder's Dilemmas

Anticipating and Avoiding the Pitfalls That Can Sink a Startup

Author: Noam Wasserman

Publisher: Princeton University Press

ISBN: 1400841933

Category: Business & Economics

Page: 496

View: 5535

Often downplayed in the excitement of starting up a new business venture is one of the most important decisions entrepreneurs will face: should they go it alone, or bring in cofounders, hires, and investors to help build the business? More than just financial rewards are at stake. Friendships and relationships can suffer. Bad decisions at the inception of a promising venture lay the foundations for its eventual ruin. The Founder's Dilemmas is the first book to examine the early decisions by entrepreneurs that can make or break a startup and its team. Drawing on a decade of research, Noam Wasserman reveals the common pitfalls founders face and how to avoid them. He looks at whether it is a good idea to cofound with friends or relatives, how and when to split the equity within the founding team, and how to recognize when a successful founder-CEO should exit or be fired. Wasserman explains how to anticipate, avoid, or recover from disastrous mistakes that can splinter a founding team, strip founders of control, and leave founders without a financial payoff for their hard work and innovative ideas. He highlights the need at each step to strike a careful balance between controlling the startup and attracting the best resources to grow it, and demonstrates why the easy short-term choice is often the most perilous in the long term. The Founder's Dilemmas draws on the inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, while mining quantitative data on almost ten thousand founders. People problems are the leading cause of failure in startups. This book offers solutions.

Corporate Concinnity in the Boardroom

10 Imperatives to Drive High Performing Companies

Author: Nancy Falls

Publisher: Greenleaf Book Group

ISBN: 1626342024

Category: Business & Economics

Page: 224

View: 542

If the gears of governance no longer drive growth and profitability in your company, Corporate Concinnity in the Boardroom will serve as the manual to get you back on track. Today’s companies and their boards of directors are operating in increasingly complex and risky environments. As a result, the who and the what of governance work has begun to change to better enable boards to advise, support, and challenge the C-suite. While such changes are necessary and a critical step in the right direction, they are far from sufficient. The way boards and company management work together must evolve as well, not only to navigate the risks of complexity and change, but also to create and take advantage of the opportunities inherent in them. Corporate Concinnity in the Boardroom: 10 Imperatives to Drive High Performing Companies directly addresses the way to foster effective boardroom-C-suite collaboration. It provides a new framework for corporate governance that creates concinnity—an elegant and delicate integration of the perspectives, guidance, and experiences that provide a platform for the powerful progress critical to successful governance teams. True concinnity retains the honesty and raw energy that drive successful boards while eschewing the command and control model of governance that plagues too many boardrooms. Falls’s 10 imperatives bring together the key pieces of wisdom she has gathered during her career. She shines a light on the importance of clarity around roles and responsibilities, flexibility and creative adaptation during problem solving, and harmonious interpersonal dynamics in times of both upheaval and growth. When these pieces are in place, the gears of boardroom concinnity operate so smoothly we barely notice they’re turning. But if the gears of governance no longer drive growth and profitability in your company, Corporate Concinnity in the Boardroom will serve as the manual to get you back on track.

Startup Opportunities

Know When to Quit Your Day Job

Author: Brad Feld,Sean Wise

Publisher: John Wiley & Sons

ISBN: 1119378184

Category: Business & Economics

Page: 208

View: 8746

Start strong with essential early-stage guidance from the VC perspective Startup Opportunities is the go-to guide for anyone with a great business idea. Whether it's your first business or your fifth, realistic assessment from the outset can save you a lot of time and money; why pour your heart and soul into a venture that is doomed to fail? Instead, position yourself to win from the very beginning. In this book, accomplished venture capitalists share their insight on startups and entrepreneurs: who will fail, who will succeed and why, and what you should do to give your business the very best shot at becoming a global success story. You'll learn how to evaluate your business with a critical eye, and how early customer development can be key in turning a good idea into a great opportunity. If you're serious about building a business that lasts, this book provides invaluable guidance that you really cannot miss. More than five million people will launch a business this year, and many of them will be great ideas—yet few will be around in five years, and even fewer in ten years. A great idea is not enough to build a successful business. You need to fortify your idea with the proper foundation, and a scaffolding of good planning and early action. This book shows you how. Assess your business's viability using the 10x Rule Learn when you can quit your day job—or not Take the key steps to making your business succeed Discover the opportunities worth selling everything for This expert author team has witnessed more than 30,000 pitches over two decades, and have participated in over 500 startup launches. Startup Opportunities gives you the benefit of their experience to help you start strong and stay strong.

Boards That Lead

When to Take Charge, When to Partner, and When to Stay Out of the Way

Author: Ram Charan,Dennis Carey,Michael Useem

Publisher: Harvard Business Review Press

ISBN: 1422144054

Category: Business & Economics

Page: 304

View: 8073

Is your firm’s board creating value—or destroying it? Change is coming. Leadership at the top is being redefined as boards take a more active role in decisions that once belonged solely to the CEO. But for all the advantages of increased board engagement, it can create debilitating questions of authority and dangerous meddling in day-to-day operations. Directors need a new road map—for when to lead, when to partner, and when to stay out of the way. Boardroom veterans Ram Charan, Dennis Carey, and Michael Useem advocate this new governance model—a sharp departure from what has been demanded by governance activists, raters, and regulators—and reveal the emerging practices that are defining shared leadership of directors and executives. Based on personal interviews and the authors’ broad and deep experience working with executives and directors from dozens of the world’s largest firms, including Apple, Boeing, Ford, Infosys, and Lenovo, Boards That Lead tells the inside story behind the successes and pitfalls of this new leadership model and explains how to: • Define the central idea of the company • Ensure that the right CEO is in place and potential successors are identified • Recruit directors who add value • Root out board dysfunction • Select a board leader who deftly bridges the divide between management and the board • Set a high bar on ethics and risk With a total of eighteen checklists that will transform board directors from monitors to leaders, Charan, Carey, and Useem provide a smart and practical guide for businesspeople everywhere—whether they occupy the boardroom or the C-suite.

5 Steps to Board Success

New Approaches to Board Effectiveness and Business Success

Author: Mark Daly

Publisher: Author House

ISBN: 9781452054681

Category: Business & Economics

Page: 340

View: 1669

"Want to Lead Your Business to Greatness?" Wouldn't you like to earn more money, outsmart competition, and gain more control over your business's destiny? This book is your complete “how to” resource for small and midsize business boards. Whether you want to create a peak performing advisory board, improve an existing board of directors, or be a great board member, you will refer to this easy-to-read guide again and again. You will discover how easy it is to: Identify and attract great board members who will infuse expertise and wisdom into your business. Stay focused on winning strategies. The 15 Key Strategic Questions every board should help you answer will be revealed. Run lively, highly effective board meetings that generate fresh ideas and help you make the right decisions. Evaluate and compensate your board so that it is genuinely motivated to grow and improve your business. Recruit special board members that can jump-start family and entrepreneurial businesses. Become a peak-performing board member. The Appendix has 30+ pages of useful examples and valuable resources. "No book helps small and mid-sized business owners better in putting together an effective board – probably the most valuable step they can take to strengthen their company” John L. Ward – Professor of Family Enterprises at Northwestern’s Kellogg School of Management. Mark Daly has created four successful companies. He has served on many boards and is a top rated YPO resource on effective boards.

The Board Book: An Insider's Guide for Directors and Trustees

Author: William G. Bowen

Publisher: W. W. Norton & Company

ISBN: 9780393068412

Category: Business & Economics

Page: 256

View: 5233

"By far the best book on corporate and institutional governance." —Nicholas Katzenbach, former attorney general of the United States In his new foreword to The Board Book, former Mellon Foundation and Princeton University president William G. Bowen brings his immense experience to bear on the most pressing questions facing boards of directors and trustees today: seeking collaborative relationships and placing a renewed emphasis on sustainable initiatives. The strategies Bowen relates throughout the book foster the collegiality and sense of purpose—more important in today’s turbulent times than ever before—that are integral to any effective board.

Startup Leadership

How Savvy Entrepreneurs Turn Their Ideas Into Successful Enterprises

Author: Derek Lidow

Publisher: John Wiley & Sons

ISBN: 111884565X

Category: Business & Economics

Page: 272

View: 5728

Anyone can start a business. But only leaders can succeed. Most entrepreneurs know the long odds: only a fraction of them will lead their enterprises through the rocky stages of growth to launch self-sustaining companies. Very few know how to outflank the failures that await them at every turn, including the most painful—being abandoned by key members of their team or getting pushed out by their board just as their business starts to generate real value. Derek Lidow is on a mission to improve these odds and change these outcomes. Throughout his long career—as CEO, innovator, and entrepreneur—he has tested virtually every aspect of launching a business. Lidow now argues that success is far less dependent upon a firm’s idea or any grand strategy than it is upon something more personal: leadership. Emerging companies have specific leadership requirements, stage by fast-moving stage. Few founders have been able to leverage the tremendous power of this underrecognized reality—until now. Startup Leadership demonstrates how founders can adopt the skills that are required at each stage of their journey. Whether you are at the idea stage or managing a more mature enterprise, you can start to recognize the fundamental conflict: how to balance your selfish drives with the more selfless leadership required by the organization at any given time. The book shows you how to achieve this balance by: Assessing your unique motivations, traits, and skills Creating a personal leadership strategy that leverages your strengths and mitigates your weaknesses Mastering how to lead teams, including boards Understanding the five prerequisites for driving change Taking control of your inevitable crises, thereby strengthening your team and your leadership With Lidow’s help, you will learn how to become the startup leader your business needs, and you’ll move forward with your plans with greater confidence and success.

The Perfect Corporate Board: A Handbook for Mastering the Unique Challenges of Small-Cap Companies

Author: Adam Epstein

Publisher: McGraw Hill Professional

ISBN: 0071799559

Category: Business & Economics

Page: 288

View: 3068

The first corporate governance book of its kind—written specifically for board members of smaller companies The Perfect Corporate Board covers the critical issues board members of smaller companies routinely face, helping them make better decisions for organizational success. It provides objective, practical advice on such critical issues as analyzing prospective financing, equity research, stock buy-backs, short selling, investment banking, and purchasing legal services. Adam Epstein is a corporate director and capital markets expert with extensive legal and operating experience. He is a member of the National Association of Corporate Directors, and speaks and writes regularly in national forums with respect to corporate governance.