Shopping for Board Members
When Steve Joyce, one of four founders at two-year-old Ganymede Software, in Morrisville, N.C., wentshopping for advisory- and formal-board members, he discovered they could easily be found at neighboringtechnology companies. "I've been amazed at how I could pick up the phone and call someone and say, 'Doyou have any ideas?" he says. "Suddenly, a busy executive spends an hour with you on the phone." Joycediscovered that many big-company executives are encouraged to join small-company boards. "It's almostconsidered part of their job," he says. He also approached entrepreneurs who had already made it big. "Ahuge percentage of people around here like mentoring the next generation," Joyce explains. It took onlyabout a month to round up Ganymede's board members.
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