The Difference Between Great Startup Boards and Mediocre Ones (and How to Make Yours Better) | Inc.com


I’ve sat on many boards over the past two decades and seen my share of high-functioning boards and low-functioning boards. Here are some observations I have from this exposure:

If a company moves from strength-to-strength with predictable outcomes, easy financings, low staff turn-over, and limited competitive threats, then the composition of the board probably doesn’t matter as much. Even the best companies with the best outcomes, however, usually hit some difficult moments where a highly-functioning board matters.

In the best cases, boards come together to help the company get through its trough – in the worst cases, infighting can mean an otherwise great potential business is hampered with misaligned incentives and drama.

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