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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 inc
by 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 agoYou've still not said anything about 'how boards work'.
- goseeastarwar 9y agoThe 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.