Margaret Rice-Jones: VC relationships, role of the chairman and moving to the US
In modern business culture where celebrity CEOs populate the front pages, it seems there is little room in the boardroom for anyone else.
When all goes right the glory is theirs. Receiving the largest pay cheque in restitution.
By contrast, the role of the chairman is shrouded in secrecy. Its importance can’t be understated though.
According to Margaret Rice-Jones, Chairman of Skyscanner, “you’re there to provide governance and structure, but most importantly, you’re there to provide advice and coaching based on your own experience to help the business gain a greater chance of being successful.”
Rice-Jones suggests that this is what makes the job more nuanced than being a regular executive.
It’s a somewhat paradoxical role that sees individuals become both coach and challenger.
Bags of experiences are the only currency as chairman. And Rice-Jones has seen it all.
In this episode of the Hot Topics podcast, continuing our exploration of the world’s global innovators, I sat down with the distinguished businesswoman after an inspired keynote at the Hot Topics 2015 London event.
We discussed the importance of finding a trustworthy VC, because venture capital investment is like a marriage, except harder to get out of.
“You’re going to have people sat around the table with you for a long journey.”
Rice-Jones also imparted some key pieces of advice for entrepreneurs to bear in mind when planning on making the jump over to the US.
“For a European based business the states look really attractive. And they make the mistake of thinking that it’s one simple market just because everyone speaks the same language”
To learn more about the importance of finding a trustworthy VC and making the jump over to the US, see above for this week’s episode of the Hot Topics podcast.