3 ms·
Have you ever worked in a funded startup? It's not a game of chess; it's more like a game of lacrosse where you are the only one without a mask. As an officer
by olefoo 17y ago
Have you ever worked in a funded startup?
It's not a game of chess; it's more like a game of lacrosse where you are the only one without a mask. As an officer of the company you have a fiduciary responsibility to your minority shareholders which can override the ownership share, or earn you lawsuits you will lose if you don't go along with the boards idea of how to fulfill it. And in the meantime, you need to be hustling to make the company work. You don't have time for boardroom shenanigans if you are doing it right; and if you're doing it right you'll be part of the 50% of founder/CEO's whom forcing out would be a bad idea.