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How Boards Need to Evolve Over Time

Both Sides of the Table

I’ve written a few posts about boards recently as part of a series on the subject. I admit that I haven’t yet read it but I’ve had numerous discussions with Brad over the years about board structure & conduct and consider him a mentor on the topic. Offering a sparring-partner function on strategic decisions.

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What Makes a Great Independent Board Member?

Both Sides of the Table

When you set up a board it is often initially a combination of the founders and the early investors. This post sets out how I believe founders (and investors) should think about independent board members having worked with many of them for the past 20 years. The board is where large equity investors get their representation.

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The Changing Venture Landscape

Both Sides of the Table

Pre-seed is just a narrower segment where you might raise $1–3 million on a SAFE note and not give out any board seats. There are of course many Seed VCs who take board seats, don’t over-commit to too many deals and try to help with “company building” activities to help at a company’s vulnerable foundations. just to name a few!

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The Feedback Loops in Data that Will Change SaaS Architecture

Tomasz Tunguz

The idea is that in the future SaaS applications would be built on a single database, instead of each SaaS application writing to its own proprietary database. I thought it would be cloud-prem and customers driving SaaS products to use a single database. SaaS applications also write back to the CDW directly.

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Should your SaaS startup embrace a bottom-up GTM strategy?

TechCrunch

Caryn Marooney is general partner at Coatue Management and sits on the boards of Zendesk and Elastic. Many of today’s most successful software companies, from Atlassian and Datadog to Zoom, subscribe to the bottom-up SaaS go-to-market model. Who needs to work together to make a bottom-up SaaS model work? Caryn Marooney.

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Here’s Why a Booming Tech Market May Fool You into Thinking You’re Successful

Both Sides of the Table

If your investor worked inside of a SaaS company for years and disagrees with me then listen to them. Make sure your board challenges you enough about long-term vision & innovation. Run board meetings that force strategic discussions rather than cheering sessions focused on financial metrics. That’s management by fire.

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What I’ve Learned from Fred Wilson

Both Sides of the Table

We also spoke about what it takes to be an effective board member. On the one hand I often find that some board members are seemingly reading the board materials on the fly and don’t have a firm grasp of the business fundamentals while on the other hand some board members like to tinker in the running of the business.

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