McCloskey: Operating experience makes board members far more valuable than pure investors
Melody McCloskey · 20VC: Why Every Founder Should Bootstrap Their Startup, How To Solve Information Asymmetry Between Founders and VCs & Living In A Cupboard For Two Years To Fund StyleSeat with Melody McCloskey, Founder & CEO @ StyleSeat · Mar 31, 2017 · at 18:50
Melody McCloskey, founder and CEO of StyleSeat, shares lessons learned on board management and why operational experience is crucial for board members.
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“One of the big lessons that I've learned around what makes a good board member is having as much operation experience as you can, because investors can sort of say, well, here's what we've seen other companies do. Here are some trends and here's some data. And an operator can say, well, I did it. I did it three times. Here's Here's the real way it worked, and the pros and the cons, and here's six people that you can talk to that led it at my last three companies, and here's one person you can talk to that did it poorly, and it's just a different type of support.”
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