Avoiding an OpenAI Fiasco by Successfully Building Your Board
Founder's Journal
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Building and Controlling the Board for Long-Term Success
This chapter discusses the importance of building and controlling the board of a business for long-term success. It covers topics such as board seats and behavior, shareholder voting, preferred rights, and stock grant agreements. The speaker emphasizes the need for founders to have majority control of the board seats and highlights the challenges and considerations related to future capital raises and adding new members.
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