Entrepreneurs · Entrepreneurship

What is the right board structure?

Sahedi Khan Internet Marketing Executive & Web Developer

September 20th, 2016

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?
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Mark Shaw CEO at NEOS HR

September 20th, 2016

Saheid.  What ever the structure, maqke sure you have a strong Finance person and a strong Marketing person to guide you.

5 * Agents for a TV Channel Franchise

September 20th, 2016

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.

Ed Salley President, The Salley Group

September 20th, 2016

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 Independent Venture Capital & Private Equity Professional

September 20th, 2016

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

Ayelet Ph.D. Co-Founder & CEO Capsoole Inc.; Dr. Hirshfeld; Advisor @ Earn2Learn

September 20th, 2016

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