The Reboot Podcast #70 The Inner-Workings of a Good Board - with Brad Feld & Fred Wilson
Oct 19, 2017
In this engaging discussion, venture capitalist Brad Feld shares insights from his impressive career alongside fellow investor Fred Wilson. They reflect on their 20-year friendship and the vital role of a well-structured board in business success. The duo emphasizes the importance of prioritizing company well-being over personal interests and navigating the emotional challenges investors face. They also explore how empathy and trust are fundamental for creating strong organizational values, illustrating these points with personal anecdotes and lessons learned from past struggles.
AI Snips
Chapters
Transcript
Episode notes
Support The CEO First
- After you invest, prioritize the company's needs over protecting your financial stake.
- Work for the CEO and support them unless you actively decide otherwise.
Go Native As A Director
- 'Going native' means serving the company, not your investment, which aligns interests organically.
- Acting for the company usually yields better financial outcomes than acting selfishly.
Deal With People, Not Legal Cover
- Avoid hiding behind abstract legal duties to avoid dealing with human problems in the boardroom.
- Address boardroom conflicts directly and humanely, not with posturing or manipulation.