3 ms·
> The board is always in control. In control of what exactly? In early stage companies I'd say nobody's really "in control" of any meaningful outcomes: buildin
by bjornsing 12y ago
> The board is always in control.
In control of what exactly? In early stage companies I'd say nobody's really "in control" of any meaningful outcomes: building something people want, making sales. The last thing you need is some "experienced" big company guy who thinks he can control things given enough board seats...
> if you are a founder and want to assure control of the board, you must maintain a majority of voting class shares
Typically doesn't help. Stuff like this is usually controlled through a shareholder's agreements (or in some jurisdictions possibly a company bylaw).