A personal blog sharing ideas and observations on start-ups, the vc industry, technology, and life.
Hi Will, it's funny, I just listed to a podcast today with Keith Benjamin of Levensohn Venture Partners. Knew him from the old RealNames days. The podcast is at http://www.podtech.net/?p=35Hope you are well.Mike Arrington
This post from Will Price contains a link to a Levensohn Venture Partners authored guide to start-up board dynamics, that in particular explains how boards influence the success or failure of technology companies. From the guide:"Boards that provide the greatest value to their companies have the following qualities in their operation:• Company-first governance• Focus and narrow vision• Customer-focused point of view• Complementary mix of talents• Decisiveness• Mutual respect and regard• Strong communication with the CEO...There are many causes of failure in a new venture, but some of the preventable ones include the following pitfalls that belabor Venture Boards...1. Complacency2. Inability to confront difficult issues3. Distraction and over-commitment4. Misalignment of interests between Board Members and investors5. Divisiveness on the Board6. Paralysis over liability issues7. Board Member role confusion8. Leadership vacuum9. Loss of trust in the CEO10. Resolution to fail"