Clerico: CEOs Should Not Be the Sole Board Contact as Companies Scale
Bill Clerico · 20VC: Why We Are Still In The Very Early Days For Fintech, Why Your Company Has To Have An Opinionated Culture & Why The CEO Should Not Be The Sole Point Of Contact With The Board with Bill Clerico, Founder & CEO @ WePay · May 5, 2017 · at 16:27
Bill Clerico is the co-founder and CEO of WePay. He offers board governance advice for scaling venture-backed startups.
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“I think it's also important to, as you grow as an entrepreneur, to not be the sole point of contact with your board. You know, you have a management team, you have a CFO. Making sure that you're bringing your team into those board meetings, helping your team develop those relationships with those board members is just super important. That's what allows us to scale. And I think a lot of entrepreneurs feel like they need to be the sole point of contact with the board. And that may work at an early stage with one, two, or three board members. But when, you know, we have a, an eight person board, you know, there's just no way to really kind of scalably maintain all those relationships at the level of depth that everyone wants.”
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