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Early-stage startup advisory and fiduciary boards are often set up… incorrectly.Breen Sullivan, founder of The Fourth Effect, unpacks: • how the right board structure can transform early-stage companies • the untapped potential of properly structured advisory relationships • why experienced executives often struggle to provide value to startups, and how they can, if set up correctlyIf you’re a founder looking to build strategic advisory relationships, or an executive wanting to break into the board ecosystem, this episode offers invaluable insights on maximizing these relationships for mutual benefit.Timestamps:0:00 – Introduction & SXSW highlights3:29 – Intro to Breen Sullivan & The Fourth Effect5:43 – How The Fourth Effect’s marketplace works10:52 – Building trust in a board-matching marketplace15:09 – The evolution of advisory relationships in startups24:03 – Understanding the three types of board seats32:42 – Why startups need proper board structures38:20 – The challenges corporate executives face when joining startup boards48:11 – The Fourth Effect’s future and investment plans👍 Like, subscribe, and share if you found this conversation valuable! What board structures have worked for your startup? Share your experiences in the comments below.#startups #founder #entrepreneur #entrepreneurship #podcast #interview
