"The romance is long faded"
After fifteen years at Andreessen Horowitz, Marc Andreessen and Ben Horowitz built a high-output firm that rejects the standard venture partnership model.

Leadership Intelligence
Research on executive succession, board composition, and the decisions that shape organizations.
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Board composition & governance outcomes
2.4×
better exit outcomes when independent directors are placed before Series C
Boards built 18+ months pre-IPO outperform sector peers
Mandate clarity cuts average search duration by 40%
Practitioner-matched advisors sustain engagement 3× longer
Based on 340+ active board engagements · Fusio Research

Private equity's standard integration playbook can destroy value in founder-led businesses. The operators who win replace rigid timelines with trust.

Why 2026 is the year the "oversight-only" board becomes a liability, and what operator-led governance looks like in practice.

Late-2025 board advisory outlooks converged on three priorities. What separates boards that act on them from boards that just discuss them.

AI, cyber, and regulatory risk have merged into one threat surface. Siloed incident playbooks are now dangerous. Here is what a sound risk committee looks like.

PE-backed governance is being reset. Sponsors are rewiring how boards govern, align incentives, and position companies for exit.

An AI policy is not AI oversight. Boards that conflate the two accumulate unpriced liability: the defining governance vulnerability of 2026.
Our team works across board composition, executive succession, and leadership advisory. If something here resonates with your mandate, we're happy to talk.
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After fifteen years at Andreessen Horowitz, Marc Andreessen and Ben Horowitz built a high-output firm that rejects the standard venture partnership model.

Private equity's standard integration playbook can destroy value in founder-led businesses. The operators who win replace rigid timelines with trust.

Why 2026 is the year the "oversight-only" board becomes a liability, and what operator-led governance looks like in practice.

Late-2025 board advisory outlooks converged on three priorities. What separates boards that act on them from boards that just discuss them.

AI, cyber, and regulatory risk have merged into one threat surface. Siloed incident playbooks are now dangerous. Here is what a sound risk committee looks like.

PE-backed governance is being reset. Sponsors are rewiring how boards govern, align incentives, and position companies for exit.