- One of the core assumptions is that founders and early employees have more context than investors by orders of magnitude. This implies that decisions taken by

- One of the core assumptions is that founders and early employees have more context than investors by orders of magnitude. This implies that decisions taken by founders would be more correct than by someone who has seen cos just from the outside. Which means if an investor exercises control over the direction of the company, it would probably lead to incorrect decisions. - If a co grows and exits, an investor gets a proportional return. Sometimes, the money helps that growth possible and sometimes it makes that faster. Hence, there exists a win-win already for both parties. The board seat just complicates everything. - I don't deny investors have skin in the game. I just claim founders have a higher sense of it. The stress, effort, and risk that founders take are nowhere close to the low compensation they decide to take for themselves.