Co-founder vs board member

The differences between co-founders and board members can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a co-founder and a board member. Additionally, a co-founder has an average salary of $105,022, which is higher than the $70,751 average annual salary of a board member.

The top three skills for a co-founder include financial statements, business strategy and business plan. The most important skills for a board member are non-profit organization, financial statements, and community outreach.

Co-founder vs board member overview

	Co-Founder	Board Member
Yearly salary	$105,022	$70,751
Hourly rate	$50.49	$34.01
Growth rate	6%	6%
Number of jobs	4,214	7,581
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 67%
Average age	52	52
Years of experience	-	-

What does a co-founder do?

A Co-Founder is an essential member of a company as they complement the skills, vision, and mission of the Founder. Most of the time, the tasks of a Co-Founder revolve around the financial planning and developing strategies that would be beneficial for the company's financial gain and workforce. Furthermore, a Co-Founder must coordinate with the Founder and other staff and departments to remain aware of the progress or issues, should there be any, to provide timely resolutions.

What does a board member do?

Board members are fiduciaries of an organization leading it to its sustainable development. They are elected by its board of directors or its supervisory committee. They remain true to the mission and vision of the company whenever there are conflicts. Outstanding board members have good qualities like meeting participation, supportive attitude, anxious feeling to better serve the committee, and passion for any kind of cause. Being a board member improves business, and strategic acumen enhances confidence, and heightens skills in corporate governance.

Co-founder vs board member salary

Co-founders and board members have different pay scales, as shown below.

	Co-Founder	Board Member
Average salary	$105,022	$70,751
Salary range	Between $61,000 And $179,000	Between $25,000 And $199,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between co-founder and board member education

There are a few differences between a co-founder and a board member in terms of educational background:

	Co-Founder	Board Member
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Co-founder vs board member demographics

Here are the differences between co-founders' and board members' demographics:

	Co-Founder	Board Member
Average age	52	52
Gender ratio	Male, 66.0% Female, 34.0%	Male, 46.3% Female, 53.7%
Race ratio	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.6% American Indian and Alaska Native, 0.6%	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between co-founder and board member duties and responsibilities

Co-founder example responsibilities.

Manage cross functional teams through all phases of B2C campaign development.
Manage social media connect to the site (20k+ twitter impressions).
Manage and schedule production for assembly, machining, molding and QC departments.
Design and manage user web experience and social media marketing campaign, leveraging 'celebrity' Instagram dogs
Manage drivers and customers as well as all operational functions; including sales billing, accounts receivables and payroll.
Manage all features of business including client service, sales, QuickBooks accounting, purchasing, shipping and customer retention.

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Board member example responsibilities.

Work with a team of 13 other members to manage, fill, and distribute THON merchandise orders.
Assist in selection of scholarship recipients through thoroughly reviewing candidates.
Organize events for community members to attend; operate community Facebook page.
Identify need of international scholarship for students requiring financial assistance for exchange experiences.
Encourage scholars and alumni to participate in hometown mentoring, volunteering, and community support.
Coordinate ambassador fellowship undergraduate and graduate students posting on Facebook and tweeting during the annual conference.

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Co-founder vs board member skills

Common co-founder skills

Financial Statements, 8%
Business Strategy, 7%
Business Plan, 6%
Non-Profit Organization, 5%
R, 5%
Facebook, 4%

Common board member skills

Non-Profit Organization, 18%
Financial Statements, 17%
Community Outreach, 10%
Governance, 8%
Alumni, 5%
Plan Events, 4%

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Updated January 8, 2025

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