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Most VCs put their own people on the boards of companies they invest in, and then continue to invest in those companies. Doesn't this imply that the "shares a b
by advisedwang 10y ago
Most VCs put their own people on the boards of companies they invest in, and then continue to invest in those companies. Doesn't this imply that the "shares a board member" conflict of interest described is either rampant in the industry or not actually a conflict of interest?
- cloudjacker 10y agoOf course they are rampant, and of course they are conflicts of interest. Industry and government standards state they simply have to be disclosed. You disclose it and either all the investors moan, sigh and walk away or they don't, if you have obtained a certain place in society, the investors don't walk away and you still get the lucrative outcome.