Choose Board Members Wisely

Choose your board members carefully because it's a seven to ten year relationship, right? It's a long term relationship. So it's not just the money they bring, but is this the person you want in the boat when the stuff hits the fan? Is this the person you want to be seeing every month to two months across the table for seven to 10 years? Do you like this person enough to do that? And I think the weekend before taking the term sheets for our seed round, I actually called 26 CEOs because I wanted to understand, what did it look like when you failed with this investor? What did their face look like then when things were not going well? Did they stay with you in the boat? Did they abandon you? Did it get ugly? How did it look? And I think that talking to founders who have failed with that investor will tell you far more than almost anything will about them. And so when you pick this person, pick carefully, because they're with you for a long time. And having a fair weather friend in that position is not a nice place to be. So having somebody who has the experience and has the gumption to stay with you as you go through all the ups and all the downs is pretty important. So choose carefully and do your homework before you choose someone.