Board meeting tips for CEO's of private companies:
1. Be transparent -- it builds trust. Board members can tell if you are spinning them. Save the sales pitch for the sales prospect.
2. Prep time -- Either send slides or a memo at least 2 days before the meeting if you want your board to be useful.
3.... See more
I don’t want a term sheet—especially if you’re not asking any questions. That means if they’re on our board that they’re actually not going to be all that constructive in terms of really asking the tough questions. That is the role of the board. It’s to look outside and bring all their insight and wisdom to us and help guide the company.”