Board++ is Solving the Problem of Diversity and Inclusion on Tech Startup Boards, Stengle Says – njtechweekly.com

Board++ is Solving the Problem of Diversity and Inclusion on Tech Startup Boards, Stengle Says – njtechweekly.com

Serial entrepreneur and Startup Grind Princeton director David Stengle discussed his new startup, Board++ (Princeton), at a recent virtual meeting of Startup Grind-NY Capital Region.

Board++, which was launched at the end of last year, just before the pandemic struck, solves two separate problems, one for corporations and the other for startups, he told E. Patrice Perkins, director of the NY-Capital Region chapter.

The company’s mission is to diversify boards, so that founders can get the enriching perspectives of people who do not look like them. According to research, founders make better decisions when they can consult board members from different backgrounds. Board diversification also sends a powerful cultural message to startup employees, investors and customers.

For corporations, Board++ provides a leadership development opportunity and a means of retaining diverse employees who have reached senior management, but have concerns about professional advancement. Said Stengle, “If you are in an underrepresented group — you’re a woman, or person of color, or a veteran, or LGBTQ or just something that isn’t the norm — and you’ve been there a while, you may look up to the next level of management, and often there’s no one that looks like you.”

A Leadership Development Program

Board++ sells corporations on the idea that the best leadership development training you can give your people is an opportunity to join a startup board, Stengle said. The company makes money on fees charged to the corporations for executive development.

 “When you join a board, you exercise senior executive
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