What matters is not the exact composition of the board but that its membership is consistent from meeting to meeting. It’s better to meet less frequently than to have members miss meetings. Just as in a venture investor board, the most important attribute of a good growth-board director is conviction. Members of the board should be individuals who have a point of view about their investments, who will stick with teams—as long as they are showing real progress—even when the metrics are small. Board members also have a clear opinion about what kinds of leading indicators are valuable and will
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