
122: Hard clauses in a term sheet
Zero to Infinity
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The Board Matters, Not All the Time
In India, public companies have tended to be more promoter on so independent boards never existed in the us. The sos, even if theyare founders, typically do get topped up every year in stock grants. One of the founders told me a when he said it, i didn't like it, but then i thought about it, and i agreed with it. But right now it's 70 30 the other way.
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