Startup Funding Espresso -- Informal Board Member Roles
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. The startup board is typically led by the CEO. Some boards fall into formal roles to tackle specific tasks such as compensation or exit planning. Many boards see members fall into informal roles. The most common roles are the domain expert, the advocate, and the critic. The domain expert looks at everything from the industry perspective and provides basic feedback on the technical execution of the business and compares it to standard business practice.\xa0 The advocate is typically an investor who is close to the team, highlights the positives, and provides encouragement to the team. The critic is often an investor who is not close to the team and looks critically at the business encouraging solutions. All three provide valuable feedback, but it\u2019s the critic that draws the most attention. Winning the praise of the critic is the sought after goal. This creates an interesting dynamic in the board where each one provides value but in a unique way.\xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group