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Venture capitalists pass on board seats to secure deals in hot crypto start ups
- nathanyz 5y agoThis is sure to turn out well /s
- sbinthree 5y agoBoard seats come with a duty of loyalty meaning you can only back one competitor. In a world with unlimited investment capital, it might be more rational to back all the best companies in a particular space rather than just a single one. The lack of board seat reduces the investor's obligation to the company and frees up the constrained resource which is partner capacity. Rational.
- imartin2k 5y agohttps://archive.ph/2022.03.25-064013/https://www.ft.com/content/8f8bb265-8d86-400c-a9d2-780a343f0ca8 https://archive.ph/2022.03.25-064013/https://www.ft.com/cont...