Startup Funding Espresso -- What Is the Purpose of the Independent Board Member?
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. You may want to add independent board members to your board. The independent board member may add value to your company by bringing domain knowledge and operating expertise. Look for someone who has run a company of your size and industry in the not-too-distant past. The independent often brings a new perspective to the company that can be helpful. Investors often look at independents as a sign of transparency.\xa0 In times of conflict, the independent can bring neutrality to the discussion to help resolve conflicts.\xa0 Check to see if they have time to commit to the board work. And choose someone who is close to the startup or where the meetings will be held, so it\u2019s not a burden on them. 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: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group