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Creating a board for a start-up tech company may seem low on the priority scheme. Alternately, it may appear easy just sign up the most qualified people available. Neither is true.

The board of directors for an early stage company should support and mentor senior management. Eventually the board should become a entity that promotes, supports, and guides the long-term strategic plan for ......

Full article >>> ly if theyre likely to hear something they dont like.

Now the hard part. Heres concrete advice on how to create a board of directors for an early stage start-up tech company.

1) Size matters: For an early stage company, the proper size for a board of directors is three. In the first 6-18 months, the company may make many decisions at the board level. Moving quickly and effectiv......

Full article >>> panies can too easily allow monitoring and documentation of fiscal matters to lapse. Like many start-up pitfalls, this is burdensome in the short term, but often catastrophic in the long run.

4) The customer is always right: In the ideal three-person board, the market should be represented. An active consumer of the relevant products and services helps the entrepreneur stay focused on va......

Full article >>> ever is easily available.

The board of an early stage company should be as much a part of the team as the entrepreneur and the key employees. The best board members are people who visit the company or talk to the CEO regularly, a couple times of month if possible.

Professor Bob Pricer says: "Better an A team with a B technology than an A technology and a B team." Dont put toget......

Full article >>>
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Source:wistechnology.com By Adam Bock 05/28/03


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