The PriceWaterhouseCoopers Start-Up-Show, presented by Entrepreneur Magazine Radio and broadcast live last Thursday has been posted as a podcast on the wsradio site. Steve Bengston of PWC devoted the entire one hour program to a four part interview of Pascal Levensohn and Stephane Dupont, Executive Vice President of the National Venture Capital Association (NVCA).
To access the podcast of the show– downloads are also divided into four segments– click on the link below:
http://www.wsradio.com/internet-talk-radio.cfm/shows/PricewaterhouseCoopers-Start-Up-Show.html
In addition to commenting on the larger implications of the Hewlett Packard boardroom scandal, the podcast guests answer the following questions:
What do you mean when you refer to the need for greater director accountability and board effectiveness in the VC industry?
What is the state of formal VC director education?
How much value do boards really add?
Shouldn’t private companies have more latitude in how they conduct board business since they are private—why does everything have to be so formalized? Many startups just have two or three non-management directors who are also the largest shareholders, not large public companies with a wide group of shareholders?
Is the venture capital industry doing anything proactive to promote director education and accountability?
Can you share some of the conclusions of the venture industry Working Group on Director Accountability and Board Effectiveness?
What are some of the basic responsibilities of VC directors?
Are there any characteristics of effective VC boards and ineffective VC boards that you have identified?
Are the basic responsibilities of VC directors the same as those for management directors and for independent directors?
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October 4th, 2006 at 5:36 am
Hi Pascal: I’m very interested in your comments on VC board governance. I don’t this topic has received enough coverage vis-a-vis typical boards over the last couple of years. With Dartmouth Prof, Syd Finkelstein, we recently launched a tool to spot early-warning signs on VC boards and mgmt teams, as well as regular ones. Syd is actually presenting the results of our first study of which aspects of our tool predicted sales growth to a group of boston VCs today. Here’s a recent blog posting on what we found: http://breakoutperformance.blogspot.com/2006/10/predictors-of-significant-vc-backed.html I would love to chat with you further. Best wishes, Eric