#Boards

Everything tagged Boards.

12 mins read

Reading a Term Sheet Like an Operator, Not a Founder

Valuation is the number everyone quotes and the one that matters least. Here is the clause-by-clause read I wish someone had given me at 29.

Stephen Marsh
Stephen Marsh
16 Aug 2026
10 mins read

Hiring Above Your Level Without Losing the Room

Bringing in someone more experienced than you is the highest-leverage move available to a founder, and the one most likely to be fumbled.

Russell Abdullah Al Mamun
Russell Abdullah Al Mamun
29 Jul 2026
11 mins read

The Quiet Arithmetic of Dilution

Founders track ownership percentage. They should be tracking the value of what remains, and the two diverge faster than anyone expects.

Rosalind Hayes
Rosalind Hayes
23 Jul 2026