What’s the best way to structure your board?

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

I’ve been serving on boards for 25 years. I’ve been in every conceivable configuration. To my mind, the perfect board is either five or seven and it looks like this: Founder CEO, Two Independents, Two Investors . Founder CEO, Three Independents, Three Investors. If the Founder is no longer the CEO, then I like this configuration: CEO, Founder, Two Independents, Three Investors