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20VC: Index's Shardul Shah on Why Market Size is a Trap | Biggest Lessons on Pricing from Leading Rounds in Wiz & Datadog | Why Benchmarks & Averages in VC are BS | How Index Makes Decisions and Why Growth & Early are the Same Investing Style
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Crucial Role of Board Members in Founder Success
Founders may succeed without venture capital, demonstrated by examples like MailChimp, which thrived without external funding. However, valuable board members play a significant role, especially in strategic moments. The effectiveness of board members relies on focusing on key issues rather than attempting to contribute everywhere. A successful strategy involves reflecting back what entrepreneurs communicate during discussions to aid in decision-making, enabling clarity and direction. Building the courage to decline big opportunities necessitates strong relationships with select board members, ensuring they are seen as trusted advisors. Additionally, board members can provide essential insights in hiring decisions, leveraging their experience to guide founders in choosing the right talent, thereby fostering important business growth.
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