A Founder’s Guide to Startup Boards and Why They Need to Evolve With Each Funding Round

So when you’re choosing your board members, here’s what types of people you should be considering:

Part of the reason that that conception of the board is incomplete is because a board is not just standing as judge and jury. It’s actually people who are collaborating with you. It’s also an extension of your team. The board is a team of people in dynamic collaboration with the CEO, who, in a startup company, is almost always a founder.

The best thing about private boards is that you can keep them small—three to five board members is best. You can just have an investor, an insider, and an outsider with a specific expertise you really need.