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You're overstating how much power investors have at this stage of a company. During a seed, Series A, Series B etc. the entrepreneurs are often still in complet
by nikcub 10y ago
You're overstating how much power investors have at this stage of a company. During a seed, Series A, Series B etc. the entrepreneurs are often still in complete control and investors are mere advisors.
It is the companies that raise crazy amounts of capital over many rounds who end up at the whim of boards and investors.
- alexmingoia 10y agoEquity isn't where all the control comes from. Because they raised 9mil it's almost a sure thing they'll have to raise another round or go bust, so there's huge incentive to do what investors want.