a16z Podcast

a16z Podcast: How To Get The Most From Your Board

Jul 19, 2019
Scott Kupor, Managing Partner at Andreessen Horowitz, shares invaluable insights about engaging with venture investors. He emphasizes the importance of alignment with long-term goals and effective communication in board dynamics. Kupor discusses the emotional toll of navigating downturns and the complexities of corporate transitions like IPOs. He also highlights managing incentives during mergers and the necessity of fostering trust between entrepreneurs and board members as companies evolve into public entities.
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ADVICE

Desired Investor Qualities

  • Seek board members who offer mentorship, governance, and strategic guidance.
  • Prioritize investors who can accelerate growth through connections and operational expertise.
INSIGHT

Transparency vs. Risk

  • CEOs face a dilemma: transparency with board members is crucial, but revealing vulnerabilities can create a risk.
  • Building trust and open communication is essential, but CEOs should be mindful of the board's power to hire/fire.
ADVICE

Managing Divergent Interests

  • Understand the different incentives and timeframes of your investors (Series A, B, C, etc.).
  • This awareness helps navigate potential conflicts, especially when investor interests diverge.
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