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I like what Sam says here, but how would the founders know the new board member is the right fit for a particular startup..would you interview(if so how?) or ..
by bozoUser 11y ago
I like what Sam says here, but how would the founders know the new board member is the right fit for a particular startup..would you interview(if so how?) or ...? would love hear what Sam has to say about that.
- snowmaker 11y agoYes, you "interview" board members like you would executives. You also check references, like Sam suggests. It's like hiring anyone else.
- solve 11y agoApparently YC has an internal "bad investor list", as well as a huge network of easily accessible founders who've dealt with the majority of the investors in the area before. Presumably, us normal outsiders would have a tough time approaching this level of background checking. I wish something like this bad investor list could be done publicly too. As for interviewing VCs as the primary method, that must be a joke. They're professional salesmen and always act like your best friend when you're signing. VCs mostly get to where they are for 2 reasons - great deal flow or great personal sales technique, mostly the later.
- pen2l 11y agoIf you're in YC, the YC network refers you to them. There's a shit-list, and a preferred-list.