What’s the best way to use your board well?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
MBA Mondays: Leveraging Your Partners To Grow And Develop Your Team – AVC

Expose your investors to your team. Give them a sense of the culture of the company and the composition of the team. Give your best and brightest “air time” with your investors. Your employees will like it and so will your investors. I really enjoy being invited to speak to an all hands meeting, or to have lunch with the team, or to go play paintball with a couple portfolio companies.

What’s the best way to use your board well?

David Jackson (Founder, Seeking Alpha)
Where VCs and board members add the most value | A Founder’s Notebook

In my experience, Seeking Alpha’s board members have added most value in three areas: (i) helping us hire great people, (ii) introducing us to business partners, and (iii) helping us raise money by enthusiastically introducing us to other investors.

What’s the best way to train your employees?

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
How to implement a functional training program | A Founder’s Notebook

The training courses should be tailored to the specific job. If you attempt the more complex-style course, be sure to enlist the best experts on your team as well as the manager. As a happy side effect, this type of effort will do more to build a powerful, positive company culture than a hundred culture-building strategic off-site meetings. No startup has time to do optional things. Therefore, training must be mandatory.

What’s the best way to train your employees?

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
Why Startups Should Train Their People – Ben’s Blog

Training is, quite simply, one of the highest-leverage activities a manger can perform. If your training efforts result in a 1 percent improvement in you subordinates’ performance, you company will gain the equivalent of two hundred hours of work as the result of the expenditure of your twelve hours.

What’s the best way to train your employees?

Seth Godin (Founder at Yoyodyne Entertainment)
Seth’s Blog: Training and the infinite return on investment

Training pays. Sometimes, it’s easy to underestimate just how much it pays. Consider an employee who is going to work 2000 hours for you this year. It’s not unusual for an organization to spend only 10 or 20 hours training this person–which means about 1% of their annual workload. How much training would it take for this person to be 10% better at her job? If you invest 100 hours (!) it’ll pay for itself in just six months. There aren’t many… (read more)

What’s the best way to train your employees?

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
Four reasons why you should train your team | A Founder’s Notebook

There are four reasons you should train your people: 1. Productivity. Andy Grove demonstrates that training is one of the highest leverage activities a manager can perform. Consider putting on four lectures for 10 people, which take a total of 12 hours work. Next year those 10 people will work a total of 20,000 hours. If your training results in a 1% improvement, you will gain the equivalent of 200 hours of work. 2. Performance management. If you… (read more)

What’s the best way to structure your board?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Who You Want On Your Board – AVC

One of the guys who taught me the venture capital business used to say “success is in inverse proportion to the number of VCs you have on your board.” He was right. For a few reasons. First of all, most VCs get on your board by virtue of financing rounds you do. If you do a lot of financing rounds, you will collect enough VCs on your board to field a basketball team. And that sucks. And it means you had to raise too much money too. All of which a… (read more)