Setting Up and Working with a Board of Directors: A Guide for Startups

Abstract

Commercializing the idea behind the next big thing is only the first step on a long road to success for a company founder. Facing a myriad of regulatory obstacles, funding challenges, and other seemingly insurmountable roadblocks, every startup needs the support and guidance of an experienced board of directors. A board of directors’ most important function is to provide a continuous give-and-take discussion with management regarding strategy, funding, and governance while representing the shareholders and stakeholders.