A curious thing about start-up board building is that it often seems to circumvent the principles of recruitment best practice. Not a great idea.
Board recruitment is a specialised discipline, but it is a recruitment process none-the-less and should have all the right checks and balances, particularly given that recruiting the right board for your start-up is so critical to success.
Early-stage founders may feel that they need to approach potential board members with a level of deference that can rob them of objectivity. In our experience potential board appointees are, in fact, flattered to be approached, realistic about their suitability and magnanimous when not appointed for rational reasons. After all, they are generally world-wise, successful professionals with little to prove.
They are rarely motivated by financial gain (a red flag if they are), have a genuine desire to help start-ups by sharing their knowledge and will only take on projects that they find inspiring.
With that in mind here are a few pointers on to how to approach board recruitment so that you get it right first time and treat candidates with the respect that they deserve.
If you wish to enquire about how Luka Bio can assist you with the search and appointment of a board member or chairperson contact Dr. John Bethell here.