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20VC: Notion's Founder on "Founder Mode": When it Works & When it Doesn't | Why The Way Startups Fundraise & Construct Boards is Broken | Raising at a $10BN Valuation in Peak Bubble Times and How Notion Has More Money Than Ever Before with Akshay Kothari
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Rethink the Board: Balance Duty and Coaching
Current organizational structures and board compositions warrant reevaluation to better reflect modern needs. A more flexible definition of board roles may emerge from a deliberate reassessment. Clear communication of what boards represent is essential, yet many are constrained by traditional definitions. Factors such as favorable ownership and consistent cash flow can reduce capital dilution, enabling a different approach to board dynamics. Furthermore, the tension between a board member's fiduciary responsibilities to shareholders and their potential role as a mentor to the CEO highlights the complexity of governance. This duality necessitates nuanced thinking about board membership and responsibilities.
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