Investor Connect Podcast

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

One of the key roles of a board member is coaching the CEO.

Here are some key points to consider:

  • Focus on the team, the financials, and the strategy of the company
  • Avoid the minutiae of day-to-day operations
  • For the team, work on building the company’s culture
  • The CEO may need help in identifying the need and timing for new hires  
  • The right CFO can be very helpful to a CEO in a growing company
  • For finances, discuss the use of cash, cash-burn rates, and the next round of fundraising

There are many choices here and the CEO needs support to sort it out.

For strategy, make sure the company has figured out their North Star metric - the one metric that drives the company in the right direction.

In the early days, the CEO will be working in the company as do employees, but over time you can help them move into a coaching position which better enables them to run the business.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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Direct download: Startup_Funding_Espresso_--_Coaching_the_CEO.mp3
Category:general -- posted at: 5:50am CDT