When is the right time for a startup to build a board of directors? And who should actually sit on it?

In this episode of the TxO Startup Hotline series, Kofi Ampadu, partner at a16z and head of TxO, taps Jeff Stump, operating partner and head of the Talent Network team at a16z, to answer a founder’s question.

Drawing on his years of experience helping companies build their boards, Jeff unpacks the key milestones for adding directors—from your first independent member after product–market fit, to knowledge-gap expertise as you scale, and governance-ready leaders ahead of IPO.

He also shares why the CEO must personally lead the recruiting process, how to run a strong director search, and what makes for successful onboarding.

If you’re debating whether it’s too early to start building your board, this episode is for you.

Timestamps:
00:25: Intro: Founder question
01:20: Why “build it forward” when forming a board
02:10: The first milestone: after product–market fit
02:36: The second milestone: as the company scales
03:01: The third milestone: 12–18 months before IPO
03:25: CEO-led recruiting: why it matters
03:38: How to run a strong director search process
03:59: Closing advice for founders

📞 Got a question of your own? Call 1-844-DIAL-TXO and Kofi might answer it in a future episode.

The Talent x Opportunity initiative (TxO) at Andreessen Horowitz supports founders building cultural innovations through funding, training and ongoing mentorship. Learn more about a16z TxO and stay updated:
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The content here is for informational purposes only, should not be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any a16z fund. Please note that a16z and its affiliates may maintain investments in the companies discussed in this product. For more details, including a link to our investments, please see a16z.com/disclosures

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