Boards of Directors for Startup Ventures

Startup companies seldom have robust governance in place prior to raising capital from angel investors. Boards of directors, if in place prior to investment, typically consist of friends, family members and early employees in the company. These directors tend to meet infrequently and are not skilled in assisting the entrepreneur in growing the venture. One condition of funding by professional investors is that an effective board of directors be installed.

By Bill Payne

Full Story: http://www.flatheadbeacon.com/articles/article/boards_of_directors_for_startup_ventures/22111/