Establishing Board Dynamics
Jerry emphasizes the importance of having a board from day one for founders, not as a control mechanism but as a tool for accountability. He stresses that regular interaction with an outsider helps in tracking progress and staying focused on goals, promoting honesty and trust in the early stages of a startup.In this clip
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20VC
20VC: Why Follow-On Investments Are Always A Better Investment, Why Spray and Pray Investing Is Like The Stock Market & Why Startups Need A Board From Day One with Jerry Neumann
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