The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Benchmark's Peter Fenton on The Single Question That Defines The Art of Early Stage Venture, Marketing Timing Risk, Why The Oversupply of Capital Is Good & His Biggest Lessons from 12 Years On The New Relic Board

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

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Giving Feedback and Responsibility in Board Governance

When giving feedback, it's important to leave room to be wrong and to deliver it in a clear and constructive manner. The responsibility of a board member is to impact the business's outcome and quality, not to provide all the answers. Instead of giving answers, it's more effective to ask questions that help the entrepreneur develop critical thinking skills and arrive at the right solutions, even though it may take longer than simply giving the answer.

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