The Ultimate Talent Infusion for Young Companies Today

Add Genius Talent to Your Private Board

Mark Lonergan, July 24th, 2023

For the first time in our firm’s his­to­ry, we are see­ing great demand from ven­ture-backed tech­nol­o­gy com­pa­nies for adding expe­ri­enced senior lead­ers to their boards. Investors and Founders agree that real tal­ent can help young com­pa­nies thrive, and there has nev­er been a bet­ter time than now to get that talent,

Some recent examples:

  • Com­pa­ny A is build­ing a sys­tems com­pa­ny with a spe­cial focus on soft­ware and cloud sys­tems. We helped recruit an SVP/GM from Ama­zon Web Ser­vices to the board, work­ing close­ly with senior man­age­ment and investors on com­pa­ny strat­e­gy and approach.
  • Com­pa­ny B involves an EV com­pa­ny with spe­cial focus on man­u­fac­tur­ing deliv­ery vans for multi­na­tion­al con­glom­er­ates. We are help­ing them with senior exec­u­tives out of Ford and Apple as poten­tial board members.
  • Com­pa­ny C was look­ing for an out­sider to head the Audit Com­mit­tee before com­mis­sion­ing an Ini­tial Pub­lic Offer­ing. We placed a Board mem­ber who had tak­en two oth­er com­pa­nies pub­lic as CFO.

One of the best fea­tures of these posi­tions is active exec­u­tives can accept a board seat while con­tin­u­ing in their cur­rent roles. And Ven­ture-backed com­pa­nies can pay noth­ing in cash for these folks. Most of these Board Direc­tors agree to join the board for under 0.5% of com­pa­ny stock in options, vest­ing over four years.

Mark Lonergan

Founder & Managing Partner, Lonergan Partners

Specialties: Board & CEO placements


[email protected]

Mark Lonergan Portrait