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These "must haves" will be challenged by the rise of super angels, who typically don't demand board seats, nor the same types of liquidation preferences. I thi
by waxman 16y ago
These "must haves" will be challenged by the rise of super angels, who typically don't demand board seats, nor the same types of liquidation preferences.
I think the board seat requirement, in particular, will be rendered obsolete soon. But then again, the whole VC industry might be obsolete soon.
- fredwilson 16y agothat is clearly a risk, but .. i'll bet ten years from now these are still must haves and the current crop of "super angels" will be crusty old VCs just like me demanding them