How to fill board seats with more than just warm bodies
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.