Shareholders joining Boards….and stepping down
When entrepreneurs establish their startups, they are usually the Board Members as well. As the company receives funding from different investors -family and friends, business angels, VCs…- some might request to get a Board seat. Who should join the Startup Board and when? Mark Suster shares some thoughts about it in this article.
And eventually, some might need to leave the Board. This article highlights some good reasons to do that.
And last but not least, what happens with the shares? Here are some recommendations from the startup perspective -or at least the lawyers!
Resources: Both Sides of the Table, Diligent Insights and Farleys.
