I am in a “spring cleaning” kind of mood. Instead of spring cleaning the wardrobe, I am spending time cleaning up the notes and going through some old notebooks and digging up notes and anecdotes for a little project I am working on. Here is an idea for a blog-post I jotted down but never got around to doing that.
A board member cannot be in competition with the start-up and/or its founders for attention. Because when that happens, it becomes all about the investors and not about the startup. And that is not good – either for the investor or the startup.
PS: I also wrote this post on GigaOM back in November 2010 about why I thought investors are not the story, if you think that adds more context.