Description
The Thirdroom Board plays a crucial role in the company's success and has multiple responsibilities. Here is a summary of the board's key roles:
- First round investors and extended team: The board consists of first-round investors and an extended team who have invested in the company. These individuals provide financial support and have a vested interest in the company's growth and success.
- Help with contracts and warrant programs: The board assists in reviewing and negotiating contracts, including warrant programs. Their expertise and knowledge can ensure that these agreements are beneficial for the company and aligned with its objectives.
- Setting benchmarks: The board establishes benchmarks and performance indicators for both the board itself and the company as a whole. These benchmarks serve as goals and standards to measure progress and evaluate performance.
- Risk management: The board plays a crucial role in overseeing risk management strategies. They identify potential risks, assess their potential impact on the company, and work with management to develop appropriate mitigation plans.
- Applying expertise and competences: Board members bring their individual expertise, experiences, and competencies to the table. They provide guidance and insights based on their respective backgrounds, contributing to informed decision-making.
- Connecting with potential investors and customers: The board assists in networking and building relationships with potential investors and new customers. Their connections and industry knowledge can help open doors and create opportunities for growth and expansion.
- Supporting the CEO in challenging times: The board acts as a support system for the CEO, particularly during difficult periods. They offer guidance, advice, and strategic input to help the CEO navigate challenging situations and make informed decisions.
- Overall, the board plays a vital role in guiding the company's strategic direction, overseeing risk management, leveraging their expertise, and providing support to key stakeholders such as investors, customers, and the CEO.
