Description
Book SynopsisAn essential guide to understanding the dynamics of a startup's board of directors Let's face it, as founders and entrepreneurs, you have a lot on your plate getting to your minimum viable product, developing customer interaction, hiring team members, and managing the accounts/books.
Table of ContentsFOREWORD ix
ACKNOWLEDGMENTS xiii
PART ONE: OVERVIEW 1
CHAPTER ONE
Introduction 3
CHAPTER TWO
What Is a Board? 11
PART TWO: BUILDING YOUR BOARD 23
CHAPTER THREE
Creating Your Board 25
CHAPTER FOUR
Recruiting Board Members 49
CHAPTER FIVE
The Formal Structure of the Board 63
CHAPTER SIX
Aligning Your Board 71
CHAPTER SEVEN
Is an Advisory Board Useful? 77
PART THREE: THE BUSINESS OF THE BOARD MEETING 85
CHAPTER EIGHT
The Actual Board Meeting 87
CHAPTER NINE
Motions and Votes 101
CHAPTER TEN
Legal Challenges 111
PART FOUR: COMMUNICATIONS 115
CHAPTER ELEVEN
Managing Ongoing Expectations 117
CHAPTER TWELVE
Trying New Things 131
CHAPTER THIRTEEN
Communication Confl icts 135
CHAPTER FOURTEEN
CEO Transitions 143
PART FIVE: TRANSACTIONS 151
CHAPTER FIFTEEN
Financings 153
CHAPTER SIXTEEN
Selling a Company 157
CHAPTER SEVENTEEN
Going Public 167
CHAPTER EIGHTEEN
Going Out of Business 173
CHAPTER NINTEEN
Conclusion 179
APPENDIX
Checklist 1: Preparing Your Board Package 183
Checklist 2: Conducting Your Board’s Annual Assessment 185
Checklist 3: Question for Your Legal Counsel 187
Checklist 4: Should You Get Directors and Offi cers Insurance? 189
Checklist 5: Stock Option Grants and 409A Valuation 191
NOTES 195
INTERVIEWS 199
BIBLIOGRAPHY 201
ABOUT THE AUTHORS 203
INDEX 205
Excerpt from Startup CEO 211
