However, the author (an investor himself) deemed this case sufficiently noteworthy to write about it. No he didn't. He explicitly said that there was nothing n

However, the author (an investor himself) deemed this case sufficiently noteworthy to write about it. No he didn't. He explicitly said that there was nothing noteworthy about the case. My friend couldn’t understand why his board was blocking the sale. He asked me why the VCs on his board couldn’t see the situation they were in and appreciate the opportunity for a great exit that was right in front of them. I explained that it wasn’t the VCs who were missing something; it was my founder friend who didn’t get it. This is not an isolated event. It happens all the time.