Why We’re Bringing One Of The Brightest Silicon Valley Minds As An Independent Board Member
In my nearly 20 years of experience in digital media, marketing, and tech, I’ve seen firsthand how crucial an independent board member is to the success of a company.
For venture-backed companies, the board usually consists of the company founders, CEO and investors. While there’s nothing wrong with this dynamic, the decision to bring on an independent board member adds a level of sophistication and thoughtfulness to a board.
Startups, more than any other company, need guidance from someone who’s been there before. Without an ownership stake in the company or working on-site full time, an independent board member can act as a mentor at the highest level of the business.
Union Square Ventures partner Fred Wilson, who coined the term native monetization back in 2011, offers this advice to growing companies:
The biggest piece of advice I give to entrepreneurs on the topic of boards is to get some independent directors on their board. Ideally these would be peers who have a lot of experience building and managing companies.
I’ve had the opportunity to serve as an independent board member for three venture-backed startups. In all three cases I felt that my participation added immediate impact and helped to push the companies forward.
As president of Sharethrough, the leading native advertising automation company, bringing on an independent board member is something the founders and I have been talking about for some time. We have built one of the first native supply side platforms and as the leaders in a new category, the time for strong independent counsel has arrived.
That’s why I’m excited to announce the addition of Ramsey Homsany to the Sharethrough Board of Directors. Ramsey joins existing board members Mike Maples Jr., founder and managing partner of Floodgate Ventures; Paul Santinelli, managing partner at North Bridge Venture Partners; and Sharethrough founders Dan Greenberg and Rob Fan.
As the general counsel at Dropbox and former vice president and deputy general counsel at Google, Ramsey has been an executive leader at two of the fastest growing companies in the world.
Ramsey was close to the emergence of the first generation of world-changing ads at Google, so Sharethrough is an obvious place for him to scratch that advertising itch again.
At Dropbox, Ramsey has helped the company raise several rounds of capital and complete over twenty acquisitions. During his tenure, Dropbox has grown to 300 million users, is used by 97 percent of Fortune 500 companies and supports 19 languages in more than 200 countries.
Ramsey is an executive that has experienced hyperkinetic growth time and time again. We’re fortunate to have an individual with that kind of experience in our board meetings, who will work with our executives and help grow our business from startup to major tech company.