VCs, CEOs Divided on Boards. Survey shows divisions between CEOs and VCs on business strategies and board seats.

When it comes to venture-backed firms, a study released Monday reflects key differences between the priorities of CEOs and those of their venture capitalist board members.

The survey, conducted by the National Venture Capital Association and Dow Jones VentureOne, points to a growing schism between what CEOs want from the VCs sitting on their boards, and what the VCs want from management.

The survey found CEOs and VCs split on what drives conflicts in venture-backed organizations. Venture capitalists cited personality conflicts, exit strategies, and management changes as the top three issues. CEOs said valuation, burn rates, and exit strategies were the most common causes for conflict.

The most common reasons for changing leadership, according to the venture capitalists, are to find someone with more sales and marketing expertise (83 percent) and operational leadership (63 percent).

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