What’s the best way to structure your board?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Independent Directors – AVC

The biggest piece of advice I give to entrepreneurs on the topic of boards is to get some independent directors on their board. Ideally these would be peer CEOs who have a lot of experience building and managing companies. Recruiting board members takes time. Most entrepreneurs prefer to recruit people who work for them and can impact the day to day effectiveness of their organizations. And so they prioritize that.