If you’ve listened to parts 1 and 2 of this 3-part podcast series (which originally aired on YouTube), you learned whether venture capital is the best source of funding for your startup, and you’ve successfully negotiated a term sheet and put money in your bank account. Congratulations!
Now it’s time to get the most of your venture investor (who will likely take a board set) and the rest of your board over the life of your company. (Sobering and perhaps terrifying statistic: the relationship you build with your venture investor is now on average longer than the length of a typical marriage in the United States.)
In this episode, a16z Managing Partner Scott Kupor shares practices for working with your board over time as it grows from just you, your co-founders and first investor all the way through the time when you are recruiting independent board members in preparation for going public.
Scott answers a16z Deal and Research Partner Frank Chen’s questions about the lifecycle of your board:
Want to learn more? Read Scott’s book Secrets of Sand Hill Road: Venture Capital and How to Get It.
Scott Kupor is an investing partner focused on growth-stage companies building in the bio and healthcare industries.
Frank Chen currently leads the a16z Seed Program, which helps early stage (typically pre-seed, seed, and Series A) founders build great companies on their way to their next fundraise.
The a16z Podcast discusses the most important ideas within technology with the people building it. Each episode aims to put listeners ahead of the curve, covering topics like AI, energy, genomics, space, and more.