In many cases a startup begins life as just one or two entrepreneurs tinkering with an idea or talking to customers. But as a startup grows it often attracts outside investors, and deals with increasingly complex technologies and markets. A board of directors generally comprises representatives from the lead investors and from executive management, and focuses mainly on financial and strategic topics. For many companies a board of advisors can play a complementary role, providing guidance and contacts from industry experts.
Please join us on Monday, March 17, 8 a.m. at the iHub as we welcome Kent Oyler, longtime serial entrepreneur and managing director of OPM Services. Kent will talk about boards of directors and advisory boards, including how entrepreneurs can work productively with each type. If you’ve served on an advisory board or a board of directors, please share your experience. And, bring your questions to add to our list:
- How do I know when my company needs a board of directors?
- How are board members selected?
- What types of decisions is a board of directors responsible for?
- Do board members expect cash or stock compensation in early-stage companies?
- Won’t my life be easier if I populate my board of directors with friends and colleagues?
- What should I look for from advisory board members?
- How do I recruit advisors?
- Is it useful to have “name brand” advisors even if they don’t have much time for advice?
- Do I pay my advisory board?
- What happens if I ignore their advice, or if I get conflicting advice?
- How much interaction should I expect with board members outside of board meetings?
- What are some common mistakes management makes when working with their board members?
- What are some best practices for productive relationships between board and management?
Directors and advisors can play critical roles in the success, or the failure of a young company. Join us on Monday to learn more about how to take advantage the experience, contacts and guidance you can expect from each type of board.
Open Coffee Louisville
8 a.m. Monday
iHub, 204 S. Floyd St., Louisville, KY 40202
Free parking: in the Nucleus lot between Preston & Floyd, enter from Floyd St.
Twitter: @startupLou #opencoffeelou