Building Your Startup Board
In episode 25, Halle and Michael discuss the process of building a board for a startup. We cover topics such as the importance of board structure, when to formalize the board, adding independent board members, the primary responsibilities of a startup board, changing board composition, and compensating board members.
We discuss:
Why it is crucial to consider the right board structure
How many board members startups typically have at each stage of the company’s growth
The primary responsibilities of a startup board inclluding setting strategy, guiding the CEO, and making important decisions
How to address conflicts of interest and ensure the right fit for the company's needs
Typical compensation for board members
Tune in!