http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/ Venture capital, seed financings, convertible note bridge debt, M&A, option vesting and other matters explained for founders and entrepreneurs Tue, 10 Aug 2010 22:20:47 +0000 http://wordpress.org/?v=2.9 hourly 1 http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/comment-page-1/#comment-2994 gcoles Wed, 14 Jan 2009 19:50:30 +0000 http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/#comment-2994 Thanks Yokum. Thanks Yokum.

]]> http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/comment-page-1/#comment-1544 gcoles Wed, 14 Jan 2009 12:50:30 +0000 http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/#comment-1544 Thanks Yokum. Thanks Yokum.

]]> http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/comment-page-1/#comment-1511 Yokum Tue, 13 Jan 2009 21:03:21 +0000 http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/#comment-1511 @gcoles - Probably the number of founders (e.g.. 2 founders, then 2 directors) as long as it doesn't go beyond 2 or perhaps 3 people for administrative convenience. Please keep in mind that at the time of a VC financing, someone will likely have to be removed from the board, and there is an emotional toll associated with having to give up a board seat. Thus, keeping the number of directors pre-VC financing to 1 or 2 seems typical. @gcoles – Probably the number of founders (e.g.. 2 founders, then 2 directors) as long as it doesn't go beyond 2 or perhaps 3 people for administrative convenience. Please keep in mind that at the time of a VC financing, someone will likely have to be removed from the board, and there is an emotional toll associated with having to give up a board seat. Thus, keeping the number of directors pre-VC financing to 1 or 2 seems typical.

]]> http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/comment-page-1/#comment-1510 gcoles Tue, 13 Jan 2009 17:48:39 +0000 http://www.startupcompanylawyer.com/2007/11/27/what-should-the-composition-of-the-board-be-like-and-how-are-the-board-seats-allocated/#comment-1510 What is the approciate size for a board prior to a company's first vc financing? What is the approciate size for a board prior to a company's first vc financing?

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