


Governance of Ventures
The Role of Venture Boards, Entrepreneurs and
Investors in Entrepreneurial Value Creation
In times of disruption, venturing becomes a key source of value creation. As new opportunities emerge and existing models fade, entrepreneurs, corporates and investors are eager to explore and exploit those opportunities. Venture governance, i.e. defining, implementing and following a fit-for-purpose model to provide direction and control in the best interest of all stakeholders, plays a crucial role in enabling and ensuring entrepreneurial value creation.
This book presents twelve perspectives on the governance of ventures, bringing together viewpoints from both practitioners and academics. It provides practical insights, introduces new perspectives and invites the reader – whether a member of a venture board, an entrepreneur or an investor – to reflect on their own approaches to venture governance.
Chapter 1 | Foundations of Venture Governance
Michael Hilb | Venture Governance – The Hidden Value of Entrepreneurial Value Creation
Dietmar Grichnik and Manuel Hess | The St. Galler Startup Navigator as a Governance Tool
Bijan Khezri | Free-Energy Governance – An Approach to Effective Venture Governance
Hermann Arnold | Leading and Overseeing Ventures – Fourteen Decisive Questions
Chapter 2 | Governance of Founder-led Ventures
Sebastian Becker | Venture Governance: How the Lean Startup Philosophy Changes the Work of the Board
Thomas Duebendorfer | After a Financing Round is before a Financing Round – The Role of the Investor in Venture Governance
Menno van Dijk | Ten Principles of an Effective Scale-up Board Member
Rico Baldegger | Governance in International High-Tech Startups
Chapter 3 | Governance of Corporate Ventures
Thomas Sieber | Mastering Corporate Startups – Opportunities and Challenges
Jan Sedlacek | A Principles-based Approach to Corporate Venturing
Michael Hilb | Cracking the Collaboration Codes – How to Succeed in Ecosystems
Jan Paul Grollé | The Innovation Partnering Canvas – Getting Innovation Partners on the Same Page

Hilb, Michael (Editor)
Governance of Ventures
The Role of Venture Boards, Entrepreneurs and Investors in Entrepreneurial Value Creation
ISBN: 978-3-258-08165-6
1st edition 2020
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