what does it mean to be a board member [linkedin] ??
Sometimes when I'm browsing people on linkedin (i.e. stalking) I see that they are board members of like 10+ companies. Generally these people are working in some sort of venture capital/private equity capacity and I would guestimate they are maybe early 30s...
Are these companies they are board members of their portcos/companies they have invested in ??
- I think I definitely saw it with people in VC ... and pretty sure in PE as well but I may be mistaken
Yeah usually if you are VP+ you get a board seat on portcos you close/cover. Putting all of them on LinkedIn is just a way to stroke one's own ego, IMHO.
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Sometimes people just forget to update their LinkedIns because they don’t use it often. Alternatively, the fund may have only sold a large portion of their investment and may retain some control
Accidentally made this a new comment:
They wouldn't - I assume on LinkedIn these folks had end dates for their tenure as well or never updated it. Board/Governance structure is always a key deal point and who appoints the directors/whose interests the directors represent is usually according to control and/or ownership percentage
They wouldn't - I assume on LinkedIn these folks had end dates for their tenure as well or never updated it. Board/Governance structure is always a key deal point and who appoints the directors/whose interests the directors represent is usually according to control and/or ownership percentage
Do they receive the associated board related compensation? At my school various big shot professors may sit on publicly traded company boards and be paid 100k+ annually just for sitting on some meetings every year
Yes, but usually the VC or PE firm would receive the board directors fees (rather than the individual). Depending on the LPA, the VC/PE fund may pass the is back to LPs as an fee offset or use it as extra source of income.
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