In this episode you will learn:00:00 - Introduction: The Essence of Startup Board Roles00:34 - Board Governance vs. Decision-Making: An In-depth Exploration00:37 - Understanding the Board of Directors and Their Vital Duties10:25 - The Optimal Timing for Establishing a Business Board16:50 - Defining 'Board Chairperson,' 'Board Observer,' and 'Non-Executive Board Member'22:50 - Founder or Investor as Chair: A Crucial Decision and Its Rationale23:55 - Finding the Right Board Size for Early-Stage Startups and Its Significance27:00 - Strategies for Assembling Your Startup's Dream Board31:40 - Red Flags to Watch Out for When Building Your Board33:30 - Ideal Dynamics Among Board Members: A Guide for Startups36:10 - Effective vs. Ineffective Communication Practices Between Founders and Investors39:55 - Smooth Sailing Through Board Meetings: Best Practices 47:40 - The Mystery of Board Packs and Their PurposeAboutJoe is a coach to CEOs. He works with CEOs at start-ups, high growth to IPO to public companies to the big exit; helping define what it means to be a leader, how to create impact, how to grow alongside the business and how to change the world all while enjoying every part of that journey. Joe is a recovering neuroscientist, then a spell as an elementary school teacher as well as 15 years in tech, $20b in revenue, experience with 30+ startups & FTSE / Fortune 100 giants. Follow us:Website : https://understandingvc.com/LinkedIn : https://www.linkedin.com/company/understanding-vc/ Spotify : https://open.spotify.com/show/1q7DxW3FEyP7EhH8m0VvAD Apple Podcasts: https://podcasts.apple.com/in/podcast/understanding-vc/id1551524895  Connect with Rahul:  LinkedIn : https://www.linkedin.com/in/rahulthayyalamkandy/ Email : understandingvc@gmail.com Twitter : https://twitter.com/rahul0720  About: Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.