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Here are VC blogger and self-described "professional board member" Fred Wilson's "Thoughts On Choosing Board Members." But take his advice with a shaker of Morton's, founders. VC-selected board members will put you on the street.

  • Avoid "big names."
  • Select people who will attend and pay attention
  • Select people who understand your challenges and opportunities
  • Avoid someone you can control.
  • Don't let conflicts get in the way.
  • Have an experienced accountant/auditor
  • Have at least two or three CEOs
  • Select people who have the time
  • Select people who are friendly
  • Look for great judgment and ethics.