Board Directors
topic on 3 shows · 5 statements across 4 episodes
the Official SaaStr Podcast 
the a16z Podcast 
All-In
5 statements about Board Directors, every show
Chamath: Most startup CEOs and board directors are innumerate about cash flow
“Are poorly educated and innumerate. So their level of numeracy to even understand this is pretty poor. And most board directors are equally.”
Chamath: Public board directors must accept acquisition offers with 30-35% premium
“The directors have a fiduciary responsibility to actually vote in favor of that deal because they're not allowed to look at who the buyer is and say, no, we don't want to do that. So if he puts out a reasonable fair market offer price, you know, of the closing…”
Unchanneled venture capital board members will pattern-match a startup to death
“And one of the things VCs do is pattern match, and if you don't channel their energy, you are likely to be pattern matched to death.”
Greene: Board directors should never directly make operational suggestions to management
“I don't ever suggest something. That's like a golden rule.”
Greene: Directors should master one business unit to calibrate overall management
“It's important for me to have depth in one part of the company, because the company has a uniform culture, and so I have a context for anything I'm hearing about, and in a few ways I can calibrate, because when they talk about the area where I have a lot of de…”