board document investing 
This is going to be BIG.
JULY 25, 2022
Typically, investors don’t take a board seat until you raise your first equity round—which means that it could be *years* before you have a real board meeting: A year of nights/weekends work researching, prototyping, and fundraising. The structure of the meeting should follow some kind of document. I’ll make it simple.
Both Sides of the Table
FEBRUARY 20, 2019
One of the things that founders have the most angst about is whom they should have on their board and at what stage of the business. This is smart because amazing board members can be transformative with important advice and access and can also help attract other great board members (and team members).
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Both Sides of the Table
SEPTEMBER 10, 2021
On the one hand, you’re over paying for every investment and valuations aren’t rational. What used to be an “A” round in 2011 is now routinely called a Seed round and this has been so engrained that founders would rather take less money than to have to put the words “A round” in their legal documents. of the fund.
Gust
MAY 31, 2014
A company’s board of directors is technically elected by the company’s shareholders. So before a startup receives outside funding, the board is “elected” by—and usually consists of—the founders (although it may exist in name only.). Invested Interests board of directors business entrepreneur founders startup'
Berkonomics
MARCH 28, 2024
All other board functions are secondary. Even venture capitalists who sit on boards where they have significant investments often forget this point. Actually, there are two legal duties of board members. Second is the duty of loyalty… …Loyalty to the corporate person, not to the shareholders who elected the board member.
Both Sides of the Table
FEBRUARY 24, 2019
When you set up a board it is often initially a combination of the founders and the early investors. This post sets out how I believe founders (and investors) should think about independent board members having worked with many of them for the past 20 years. The board is where large equity investors get their representation.
Both Sides of the Table
APRIL 6, 2020
You need to: study the rules, make sure that you don’t violate the “affiliate rule” (more later), consult with your Company Counsel, consult with your board and investors and then make your own determination. How do I amend my legal documents so that the Affiliate Rule doesn’t stop me from applying for a loan? It is not “free money.”
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