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If there were four founders, did they not negotiate to set any other board members up before to outnumber the one VC board member? Sounds like they had bad leg
by chadp 16y ago
If there were four founders, did they not negotiate to set any other board members up before to outnumber the one VC board member?
Sounds like they had bad legal advice.
So what was the term or terms that screwed them in the end that let the VCs take control?