Closing Time Podcast: Building Your Startup Board

F
Fenwick

Contributor

Fenwick provides comprehensive legal services to leading technology and life sciences companies — at every stage of their lifecycle — and the investors that partner with them. For more than four decades, Fenwick has helped some of the world's most recognized companies become and remain market leaders. Visit fenwick.com to learn more.
In episode 25, Halle and Michael discuss the process of building a board for a startup. They cover topics such as the importance of board structure, when to formalize the board...
United States Food, Drugs, Healthcare, Life Sciences

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In episode 25, Halle and Michael discuss the process of building a board for a startup. They cover topics such as the importance of board structure, when to formalize the board, adding independent board members, the primary responsibilities of a startup board, changing board composition, and compensating board members.

This episode covers:

  • Why it is crucial to consider the right board structure
  • How many board members startups typically have at each stage of the company's growth
  • The primary responsibilities of a startup board including setting strategy, guiding the CEO, and making important decisions
  • How to address conflicts of interest and ensure the right fit for the company's needs
  • Typical compensation for board members

Co-hosted by Halle Tecco and Michael Esquivel, Closing Time is a podcast where you, the listener, get to be a fly on the wall during a startup pitch meeting. Imagine being part of a room where passionate entrepreneurs are pitching their healthcare startups, the innovations that could very well shape the future of healthcare. This podcast allows you to do just that.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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