The Startup Way: How Modern Companies Use Entrepreneurial Management to Transform Culture and Drive Long-Term Growth

by Eric Ries

WHAT IS A GROWTH BOARD? A growth board is simply the purely internal version of a startup board: a group of people who meet on a regular basis to hear from teams about their progress and to make funding decisions. “Growth boards are operationalized venture capital funds,” explains David Kidder, co-founder and CEO of Bionic, a company that installs an integrated solution of growth boards and lean methodology inside large enterprises. (Kidder and I worked together closely to help establish growth boards at GE.) “The growth board introduces a decision framework for executive leadership that enables them to manage a portfolio of early-stage startups like a venture capitalist would.”