Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/703633.cloudwaysapps.com/mjhgxgjgac/public_html/wp-includes/functions.php on line 6114
As a founder, what measures should be taken to retain board control? - Startups Anonymous
Share0
Tweet0
Share0
Share0
Tweet0
Share0

As a founder, what measures should be taken to retain board control?

I'm another lunatic who belives that my company gonna be another unicorn. My company has good mission and a decent product.

I have never raised funds before. So i'm little scared. Its just I don't want my investor to screw me.

So what are the steps should be taken to retain board control? Is Dual class / super voting stocks enough to retain the borad control always?

Mine is a Delaware Corportion. Single Founder. 

Thanks

  • Dual class only works when you have an upper hand and that means traction. Otherwise you’re at the mercy of your investors. Basically you decide which is more important. Comfort with other people’s money means losing control vs going hungry longer and retaining control.

    Reply
    • {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

    You may also like

    >