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Demystifying the VC term sheet: Board control

March 15, 2011 /

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As I’ve explored some of the more confusing terminology of VC term sheets, I have received a number of questions regarding the composition of the Board of Directors – specifically who should control the Board following a Series A financing.

Controlling the board, of course, means controlling the corporation. Thus, the composition of the Board is an important and sensitive issue to founders. Sadly, we’ve all heard the horror stories of founders being "fired" from the company they founded.

Scott Edward Walker

Full Story: http://venturebeat.com/2011/03/14/demystifying-the-vc-term-sheet-board-control/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Venturebeat+%28VentureBeat%29

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