The Surprising Truth About VC Board Membership Dynamics

Name: The Surprising Truth About VC Board Membership Dynamics
Uploaded: 2024-11-09T13:10:48+00:00
Duration: 39 s
Channel: Jason M. Lemkin
Description: VCs at top firms spend up to 50% of their time on portfolio company boards, with some serving on 20 boards a year. Jason M. Lemkin explains that beyond…

9 Nov 2024 · 1 min

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VCs at top firms spend up to 50% of their time on portfolio company boards, with some serving on 20 boards a year. Jason M. Lemkin explains that beyond that ceiling, board work becomes a full-time job, transforming the VC's role from investor to operator.

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This is a big difference for the audience. If you're at a, if you're at a VC at a huge fund, a great fund, you know, um, they are, they would stay, will spend upwards of 50% of their time on boards. And one of the most important things for them is being on boards. You'll see the classic one is you look on their LinkedIn and you'll see their last 20 jobs were board member, owner, board member, Shopify board member. Then you know that like, that's their job and a traditional VC that isn't that involved operationally or isn't doing other things. The maximum a VC possibly could do is 20. There just aren't enough hours in the year. And as you approach 20, you become a full-time board member. Yeah. And, and