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Board of Directors

Tuesday, January 24th, 2012 – running time 07:27

Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. In this episode, Jay discusses how a board of directors comes together, who should be on it, and how to manage who is on it.

Segments

Some of Jay's Board Experience

Details
04:25
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Jay's Chalkboard Notes:

- Having a board doesn't matter pre-funding

- Not all founders need to be on the board

- Board seats often not defined until series A round

- Series A board is generally CEO/founder, investor, outside adviser

- Don't feel pressured to add employee/founder board seats

Some of Jay's Board Experience

- Digg's founding board was the CEO and visionary founder

- Equinix's founding board were the 2 equal co-founders

- As Equinix grew, Jay stepped down from the board

- In general, try to keep board to 1 founder

04:25

Play

Have questions about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.

Previous: Starting a Social Network

Next: Bootstrapping

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