Gurski: A board's greatest value is forcing founder accountability
Dmitry Gurski · Dmitry Gurski: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health|E1205 · 20VC with Harry Stebbings · Sep 23, 2024 · at 55:55
Dmitry Gurski, co-founder and CEO of Flo Health, shares his belief on how venture board meetings drive business improvement through accountability and forced reflection.
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“But I would say that a good investor may create tone of value by proper work in the board, and good board brings tone of value, and the biggest value from the board is that you're just accountable, and you have moments of truth, like board meetings, when you need to make proper reflection Prepare proper materials and explain future, explain past, and without board meetings, you would never have patience or energy to do that, but when you have such moments of reflection, then your business is getting better, because you're just reflecting all the time, and good investors, they've been part of the board, they may provide good advice, they may make you better.”
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