Uncharted or uncharted means not shown on a map or chart; new and unexplored territory, literally or figuratively --
This area is still uncharted, so we'll need to use a compass to find our way.
No one has tried this before; it will be uncharted territory.
Unchartered or unchartered means without a set of rules or laws; without official or legal authorization --
This city is unchartered; the legislature hasn't recognized it.
It's an uncharted corporation; the board will meet soon to discuss a set of regulations.
Now that you know that, you can say --
"This startup is unchartered; setting up its board will be uncharted territory."
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