Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

What is the right board structure?

This piece is many times understood by many of the entrepreneurs that I have come across during my career. At this point I am working on putting together a board for a Series A stage startup. What is the right structure for this and what are the profiles that should be involved?

5 Replies

Ayelet Hirshfeld, Ph.D.
0
0
Co-Founder & CEO Capsoole Inc.; Dr. Hirshfeld; Advisor @ Earn2Learn
blockquote, div.yahoo_quoted { margin-left: 0 !important; border-left:1px #715FFA solid !important; padding-left:1ex !important; background-color:white !important; } This is an interesting question. Mainly because by forming the company the founders become directors of the board. A board is not required in fact there are many forums in the Bay Area where there is a rotating board -- you rely on professionals each from a different domain for consulting (I.e., lawyer corporate, IP, accountant, etc). There is great benefit for a board when it includes domain experts relevant to your respected field. Typically they either invest in the company or contribute hours of consulting 5-10 hours per 1% is standard. See Vistage re: rotating board. Sent from Yahoo Mail for iPhone
5 Star Film Co.Ltd. *
0
0
5 Star Film Co.Ltd. * Entrepreneur
Agents for an Award Winning Television Channel Franchise
The Basic simple structure should be a Managing Director and a Board of Directors,usually inaugerating 3 persons on the Company register is enough to establish a voting quorum.
Mark Shaw
1
0
Mark Shaw Entrepreneur
CEO at NEOS HR
Saheid. What ever the structure, maqke sure you have a strong Finance person and a strong Marketing person to guide you.
Ed Salley
0
0
Ed Salley Entrepreneur
President, The Salley Group
I have found that at least one board member should be an "independent" board member, who has experience in the business domain of the company and thus can truly advise/act independently, without regard to their "investment" which other members may not do.
Martin Omansky
0
0
Martin Omansky Entrepreneur
Independent Venture Capital & Private Equity Professional
We suggest a small board - 5-7 members. No more than 2 employees. One or two industry veterans, one financial person, one subject matter specialist. No lawyers. Sent from my iPhone
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?