Boardroom Governance with Evan Epstein

Brad Feld: Startup Boards and Lessons from Four Decades in VC


Listen Later

(0:00) Intro

(1:36) About the podcast sponsor: The American College of Governance Counsel

(2:23) Start of interview

(3:11) Brad's origin story

(4:54) Venture Capital Beginnings

(5:39) The Rise of the Internet

(8:10) His role in Softbank Technology Ventures and later Mobius Venture Capital. Reference to Heidi Roizen E6, E108 and E116

(12:26) Transition to Techstars and Foundry

(13:36) Origin and focus of his book Startup Boards. Reference to his blog post: Feld Thoughts. "Boards (and board members) for private companies operate on a bell curve" (some are excellent, some are horrific, and most are average).

(15:31) The Evolution of Founder-Friendly Terms

(30:06) Effective Board Composition

(35:00) Defining a Great Board: the Board as a Team. Reference to Matt Blumberg's Rule of 1s: see E52 (2022)

(38:05) "The goal of the board is to get different skill sets around the table" "I think a founder should fight against investors having additional observer seats."

(41:13) Why he considers it a red flag when a director claims they're acting out of "fiduciary duty." *Reference to the Startup Litigation Digest

(44:50) Governance concerns in the AI Boom

(47:37) Books that have greatly influenced his life:

  1. Zen and the Art of Motorcycle Maintenance by Robert Pirsig (1974)
  2. The entire pantheon of Neal Stephenson and William Gibson 
  3. Science fiction written by female writers (as a category)
  4. Hyperion Cantos by Dan Simmons

(50:05) His mentors: Len Fassler and his uncle, Charlie Feld.

(51:55) Quotes that he thinks of often or lives his life by: from his Dad: "If you're not standing on the edge, you're taking up too much space.", from Len: "Brad, they can't kill you and they can't eat you. Suit up."

(53:00) An unusual habit or an absurd thing that he loves. "I love philanthropically funding bathrooms." Also, the Banana Lounge at MIT.

(55:38) The living person he most admires: his wife Amy Batchelor.

Brad Feld has been an early-stage investor and entrepreneur since 1987. He co-founded two venture capital firms, Foundry Group and Mobius Venture Capital, and multiple companies, including Techstars

You can follow Evan on social media at:

X: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

Substack: https://evanepstein.substack.com/

__

To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/

__

Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

...more
View all episodesView all episodes
Download on the App Store

Boardroom Governance with Evan EpsteinBy Evan Epstein

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

44 ratings


More shows like Boardroom Governance with Evan Epstein

View all
Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,317 Listeners

WSJ What’s News by The Wall Street Journal

WSJ What’s News

4,384 Listeners

Bloomberg Law by Bloomberg

Bloomberg Law

385 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,846 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

795 Listeners

Worklife with Adam Grant by TED

Worklife with Adam Grant

9,152 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,051 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

173 Listeners

Interesting Times with Ross Douthat by New York Times Opinion

Interesting Times with Ross Douthat

7,228 Listeners

The Voice of Corporate Governance by The Council of Institutional Investors

The Voice of Corporate Governance

23 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,306 Listeners

Dry Powder: The Private Equity Podcast by Hugh MacArthur, Bain & Company

Dry Powder: The Private Equity Podcast

147 Listeners

The Ezra Klein Show by New York Times Opinion

The Ezra Klein Show

16,218 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

401 Listeners

The Headlines by The New York Times

The Headlines

670 Listeners