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Unless we see a sudden and swift cleanup, Aproximately $100k investment and a yea vote at a board meeting appears to be a sufficient endorsemment.
by lurker19 15y ago
Unless we see a sudden and swift cleanup,
Aproximately $100k investment and a yea vote at a board meeting appears to be a sufficient endorsemment.
- jon_dahl 15y agoIf he has a board seat, then yes, he should have some say here. But it's really unlikely that he has a board seat. An early stage investor has very little authority over what a startup does. At best, they may have some advisory influence with the founders, if the founders care about having a good relationship with the investor. But usually, that's about it.
- jeffwilliams74 15y agoJoshua is one of about a dozen angel investors in a round the company raised back in October, along with First Round Capital and Charles River Ventures. The real VCs took a board seat.