What’s the best way to manage your board?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Entrepreneurs Have Control When Things Work, VCs Have Control When They Don’t – AVC

An entrepreneur or hired CEO can own as little as 5-10% of a Company but they can control it like a dictator if they are doing a great job running the business and the company is making a lot of cash flow and has no need for additional capital. An entrepreneur can control 95% of a company and all the seats on the board but they can easily lose control of the business if they company is floundering and they need more money and the only investors w… (read more)