4 ms·

Can you expand on that? I'm not familiar enough with how boards operate to understand what you mean.

• goseeastarwar 9y ago
  Founders agree to all sorts of nefarious stuff they think will never be triggered to get to a signed term sheet. Investors will exercise this power when the incentives are misaligned with the founders (aka the company isn't doing well).
  • amirmc 9y ago
    You've still not said anything about 'how boards work'.
    • goseeastarwar 9y ago
      The kinds of things I'm referring to is almost always around relinquishing power to the investors on the board. Founders end up with very little control even if they have board seats.