Jason M. Lemkin breaks down how venture capitalists spend vastly different amounts of time on boards. Active VCs at large funds can spend over 50% of their time on board service, while traditional VCs cap it around 20%, which already makes them nearly full-time board members.
Upwards of 50% of their time.
About 20% (approaching 20% makes one effectively a full-time board member).
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, they are. They would. They will spend upwards of 50% of their time on boards. And one of the most important things for them is being on board. 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 of EC 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.
