Y Combinator Startup Podcast #136 - Anu Hariharan on Managing a Board
Jul 24, 2019
Anu Hariharan, a partner at Y Combinator, shares invaluable insights on board management for growth-stage founders. She discusses optimal board composition and the significance of independent directors in fostering effective governance. The conversation covers essential strategies for navigating board dynamics, including conflict resolution and the importance of transparent communication. Anu also highlights aligning board culture with company values and provides key criteria for selecting long-term board members, all aimed at enhancing startup success.
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Board Member Responsibilities
- A board's key roles include helping hire and evaluate senior management, approving corporate actions, and providing strategic input.
- Founders seek trusted board members for honest feedback and support during challenging times.
Productive Board Meetings
- Schedule in-person board meetings a year in advance, focusing on key metrics and 1-2 strategic topics.
- Send board materials a week in advance, but consider delaying strategic topics to encourage fresh perspectives.
Executive Involvement
- Bring executives to board meetings for targeted discussions, exposing them to broader company feedback.
- Ensure dedicated closed sessions for frank feedback between the CEO and board on company performance and meeting effectiveness.