Toxic Board Members

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

Startups form boards to guide and direct the company.

Some board members can be problematic.

Here are the signs a board member  is toxic:

Their ego outweighs their fiduciary duty to look out for the best interests of the company.

They bully others to get their own way.

They act in their own self-interest without regard to the interests of the business. 

They are a distraction taking attention away from the company.

If the board member is too disruptive it may be time to remove them.

You know this is the case when the board cannot perform their governance duties due to the distraction.

To resolve this, the chair of the board should hold a discussion with the toxic board member and make clear the disruption it is causing.

The chair should call out disruptive behavior when it happens and shut it down.

The chair should remind the entire board of their code of conduct and make clear anything less will not be tolerated.

If the situation continues, then the chair should initiate the process to remove the board member. 

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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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
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For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

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Music courtesy of Bensound.

In this episode, Hall T. Martin, CEO and founder of TEN Capital, shares his journey from starting three angel networks to creating the Texas Entrepreneurs Network, which eventually became TEN Capital. Hall discusses his early experiences in angel investing, noting the challenges startups face in finding investors, particularly in Texas. He explains how his thesis led him to identify pockets of angel investors across the state and how transitioning to online platforms, including crowdfunding, helped streamline and expand their reach.

Hall details the evolution of their roadshow events, the impact of the pandemic on shifting to digital, and the subsequent return to in-person interactions. Finally, he emphasizes the value of creating an interconnected entrepreneurial ecosystem by facilitating relationships between startups, investors, venture capitalists, and family offices through events, panels, and structured engagement. Tune in to learn more about the strategies and programs that TEN Capital employs to support and grow the investor-startup community.

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.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.