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)