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You dont necessarily have to give a board seat to get funding. Some VC would happily accept that.
by leowoo91 8y ago
You dont necessarily have to give a board seat to get funding. Some VC would happily accept that.
- ryanSrich 8y agoYeah I've read the high growth handbook as well. Most VCs will not give up a seat, and most companies have absolutely no leverage. The overwhelming majority of startups need funding to survive, this throws off the balance of control. The only startups that can dictate funding terms are the ones that have no real need to raise. Of course there are concessions, but relinquishing a board seat is not a common one.
- leowoo91 8y ago"Negotiating with Hostility and Rudeness" might work :)