Estimated read time: 2 minutes
“Startup Boards: Getting the Most Out of Your Board of Directors” by Brad Feld and Mahendra Ramsinghani is an educational read that I would recommend to new entrepeneurs who are building their company and at some point will start having a Board of Directors. In addition, the book can be educational to new nonprofit managers and executives – who are now interacting with board members – and people who are starting their own nonprofit. (Keep in mind though that the book is written for businesses.)
The authors write that “our objective in writing this book was to empower the entrepeneur with information about how to create and use a board effectively” – a mission they achieved in my opinion.
The book is informative, educational and structured well in a way that allows the reader to dive deep or just glean the highlights. Chapters are broken down into short sub sections that break down different topics into smaller pieces. Very easy to read and understand.
The authors walk us through what a board is, the process of creating and working with a board in a logical sense. The book even explains how minutes should be kept and who else should attend board meetings – the organization’s lawyer, for example. Other chapters include information on managing communication, how to try new things and transitional situations where a company might go out of business, go public or is sold.
“Most board members strive to help and are eager to positively impact a startup’s trajectory. However, the group dynamics of a board are often dictated by legal, psychological, and ceremonial practices, some of which are outdated or ineffective,” the authors write.
The book allows readers to walk away with a basic understanding of how board director relationships and interests connect as well as how to recognize what’s working and what’s not and how to move a company forward.