Of Boards And Bike Races: Choosing a board of advisers who will kick in when the going gets tough


For most startups, the path to success is much like the Tour de France: a lengthy race where endurance is critical, interspersed with moments at a frenzied pace. Slow down and you lose the race. Push yourself too hard at any one stage, however, and you run the risk of injury or accident. To better their chances, cyclists work together in teams. Every team member serves a specific purpose, usually to provide support to the team’s best rider—to increase that athlete’s chance of winning. Entrepreneurs, too, can and do benefit from this approach through using a tried and tested institution: a board of advisers.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lane Powell PC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »