The Golden Rule: They with the gold make the rules. Capiche? It is rare for anybody to drop $2.5m and not exert some level of control over what you do and how

The Golden Rule: They with the gold make the rules. Capiche? It is rare for anybody to drop $2.5m and not exert some level of control over what you do and how you "invest" that money. Having a board seat makes it clear that they want to exercise stewardship over their investment. You could inquire as to what oversight the investor who doesn't want a board seat wishes to maintain. In some cases they will force you to hire one of their insiders as an alternative to the board seat.