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A practical guide to a first board meeting: Advice from the pros

This is going to be BIG.

As I prep for my first Backupify board meeting, I asked more experienced pros for their take on setting the right tone and starting things off right for productive board participation. Here’s what I got back: David Hornick, August Capital : "Here's some anti-advice. I talked over the other board members.

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Here is How to Make Sense of Conflicting Startup Advice

Both Sides of the Table

Everybody has a blog these days and there is much advice to be had. Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. So far from not taking advice from other people – I want more advice, more data points, more opinions.

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The Problem with Startup Advice

This is going to be BIG.

I'm often the last one to leave an event, held back by the most persistant of entrepreneurs trying to squeeze as much advice as they can out of me. Often times, the advice is terrible or impractical. So much of this is gut feel with a thin later of strategy retrofitted to seem more than random. Why should that stop me, though?

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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

He wrote a post this long weekend on how he manages the board of DataSift. In his post he asserts, “You get the VCs you deserve” and the corollary “You get the performance out of your board that you deserve.” By spending more time educating your board on your business you get more valuable advice from them.

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Why Startups Need a Well Articulated Strategy (And How to Think About Yours)

Both Sides of the Table

I recommend you read Fred Wilson’s recent blog post about the need for a well articulated business strategy before pushing a particular business model. He then brought her to board meetings so nobody could accuse him of not having a business model. The Need for Strategy. My take on his argument is this: 1.

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Should Your Startup Have an Advisory Board?

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many startup companies hire advisory boards. So do advisory boards really add value? In my experience most advisory boards under deliver relative to expectations. My main advice to you if you’re considering it is don’t waste much equity on it.

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Why being a VC sucks. Advice to anyone who wants to get into venture capital.

This is going to be BIG.

That''s kind of like what it''s like being on board with these companies after you make an early stage investment. Even the best and most active board members can still feel pretty helpless. All in all, not exactly a predictable lead sourcing strategy. 4) Most of the job isn''t in the picking, it''s in the struggling.