thank you - good input from Gerry, easy webinar to attend - thanks!
from writes:
What is the balance between being a CEO that everyone (company staff) "likes" vs someone, say a Steve Jobs style, that while respected, is not so much "liked" (at least that was the reputation)? Both styles performing, but one more "liked"? Is there a risk in one
over the other form a VC perspective?
Ryan Kirkpatrick from Beaverton writes:
What should the compensation be for the board of directors? Are officers who are on the board also included in that compensation?
Mike from Portland writes:
same or new,
Mike from Portland writes:
what advice do you have for presenting how effective the CEO is on these points you've made when it comes to making relationships toward another round of funding?
MK from beaverton writes:
what should be the composition of the board if the target market is, say, middle east and africa?
Jim Plymale from Clinicient, Inc. Portland OR writes:
This was a very helpful and insightful presentation. I appreciate the insights and will be using them next week! Appreciate sharing the stories from your existing companies.
Larry Williams from OVP Offices writes:
Great questions, thanks everyone! Please submit more if you have more questions.
from writes:
What about companies that don't have a board...how to "convince" CEO that a board is needed?
Ryan Kirkpatrick from Beaverton writes:
What kind of commitment should you expect from a board member? Time/ involvement?
Jim Plymale from Clinicient, Inc. Portland OR writes:
If you have concerns but you're not certain how things are going to go in a quarter, how do you raise the concern without being an "alarmist"? We're dealing with the law of small numbers of larger deals which makes things harder to predict on a quarterly basis.
Frank Helle from Axian, Inc. writes:
Would you suggest the list of 7 be used a set of
criteria for annual assessment by Board of the CEO?
Frank Helle from Axian, Inc. writes:
Frank Helle from Axian, Inc. writes:
Gerry, thanks for keeping the 7 Reasons to Replace a CEO simple enough that even a CEO can understand them ;)
As a startup CEO, do you know the things your investors are monitoring to
determine whether or not you get to keep your job? Some of them may be metrics
from your official business plan, but many are not.
If you want your company to succeed, and for you to succeed along with it -
know the 7 deadly sins to avoid - the 7 reasons why Boards replace the CEO - and
then you’ll know how to avoid them. Gerry has had the pleasure of working with
many successful start-up CEOs, and the duty along the way to part company with
some who were not so successful. Get it straight from the VC's
mouth...
Speaker: Gerry Langeler
Gerry Langeler joined OVP Venture Partners in 1992 and focuses on investments in the digital energy, software, imaging and digital biology sectors. His investments include Captivate Network, Carbonflow, Elekom, EnerG2, Foundstone, Max-Viz, Now Software, Portland Software, Preview Systems, Surplus Software, TView, Unify, Vascular Solutions, Viral Logic Systems Technology (VLST), and Webridge. He currently serves on the Board of Directors of Collaborative Software Initiative, CradlePoint, EnerG2 and Max-Viz and is a Board Observer to DataSphere, Serus, Tigo Energy and Viral Logic Systems Technology (VLST).
Prior to joining OVP, Gerry was co-founder of Mentor Graphics Corporation (NASDAQ: MENT) in Portland, OR in 1981. There he served as President, and over eleven years helped lead Mentor through its IPO to over $400M in worldwide sales and over $1B in market capitalization. He began his technology career at Tektronix.
Gerry received his AB in Chemistry from Cornell University and his MBA from Harvard University.
Gerry is the author of Take the Money and Run! An Insider's Guide to Venture Capital (Smashwords.com & Lulu Press, 2011) as well as The Vision Trap (Harvard Business Review, 3/92). They can be ordered at www.langeler.com. He also authored a chapter in Venture Capital Best Practices (Aspatore Books, 2005) and Great Patents (Logos Books, 2011).
He is the father of two boys, and enjoys skiing (when his knees can stand it) and golf.
