The Logan Bartlett Show cover image

The Logan Bartlett Show

EP 79: Liz Zalman and Jerry Neumann (Co-authors, Founder VS Investor) debate startup experiences

Sep 15, 2023
01:41:49
Snipd AI
Liz Zalman and Jerry Neumann, Co-authors, Founder VS Investor, discuss topics such as managing board meetings, the importance of investing in founders, navigating investor relationships, CEO transitions, investor experiences with unfulfilled promises, investment criteria and the role of capital in scaling, and the impact of raising money on a business.
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Podcast summary created with Snipd AI

Quick takeaways

  • Board meetings should focus on governance rather than advice, clarifying the roles of investors and board members.
  • Improving board meeting effectiveness requires better preparation, engagement, and understanding of the business from board members.

Deep dives

The Purpose of the Board

The purpose of the board is governance, assessing the company and ensuring it is on the right track. However, there is often a conflation of governance and advice, causing board meetings to become a mixture of these two functions. Many founders feel that board meetings are a waste of time, with investors not bringing much value or help to the table. There is a need for a clearer distinction between the investor role and the board member role, and a focus on the true purpose of the board.

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