What’s the best way to manage your board?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Losing The Team – AVC

Boards can be pretty patient. They can put up with a lot of failings, particularly in the early days of a startup when the product isn’t where it needs to be. But one thing a Board cannot tolerate is when a CEO loses the confidence of the team. If I think about the times I have had to remove a CEO, by far the most common reason was the loss of confidence of the team in the CEO. You get the call from one of the senior team members.