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I'm Frank Chen. Today I'm here with Scott Cooper and we are now in part three of three of our

demystifying Silicon Valley. This part is all about living with your investor. As Scott will point out,

the average length of time that you will work with a venture investor, eight, 10, 12 years is longer than the

average marriage, terrifying statistic. And so you want to make sure that you understand how to work

and pick with an investor that you can live with over a long period of time. And so we're going to

talk about ways that you can think about getting the most out of your venture investor and board

member and how to handle situations from the bad situations where you have to wind down the company

to the awesome situations where we hope you find yourself, which is you're doing an IPO for your

company. So let's dig right into it. Let's talk a little bit about fundamentally what do I want from my investor and usually they'll

live basically as my board member.

Yeah, right?

Like what are the big things I'm looking for?

Yeah, so look, I think, you know, certainly you want a board member and all the things

that a board member entails, which is hopefully they are a good coach, a good mentor, a

good sounding board for you. Hopefully they're good stewards of corporate

governance and help you kind of think through important strategic decisions for the company.

But then I think more importantly, you know, and this extends beyond often just a general

partner who's sitting on your board, you want some, you know, you want some value from them

...