The board can help the company with building the team.

Here are some key points to consider in helping with recruiting:

– Identify candidates to fill the C-level positions that are available
– Set up a recruiting and hiring process as startups often have ad hoc procedures in place
– Help foster the company’s culture which should be at the core of the hiring process
– Involve others in the interviewing process to gain a broader perspective on potential new hires
– Set the bar high for hiring by focusing on A players
– Keep in mind the stage of the company and recruit accordingly

What works well for a Seed company is not necessarily the same for a Series-A company

In the event the CEO’s performance is not satisfactory, you can either work with the CEO to improve performance, or replace the CEO.

If you replace the CEO, then you’ll need to identify an interim CEO who can run the company for the short term. 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

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Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.