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Satya Patel on the state of VC, flexible investing frameworks & converting to evergreen | E1715
This Week in Startups
The Value of Boards at the Seed Stage
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There has never been a more duplicatus, deceptive, dishonest, double dealing term in the history of our industry. What people say is founder friendly is just actually giving the worst support to a founder. No lead investor, do a party round. So nobody cares that you're running out of money. Don't do board meetings. Don't give information rights. You can choose for somebody else from the investor syndicate but there will be a board created.
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