Horowitz: Public boards should prioritize major equity owners over professional directors
Ben Horowitz · AI, Robotics & the Future of Manufacturing · May 16, 2024 · at 29:55
a16z co-founder Ben Horowitz critiques independent board member requirements that disincentivize major shareholders from holding board seats.
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“And as a shareholder, I'd rather have somebody on the board who owns a lot of the company and has skin in the game with me and is representing me than somebody who owns no shares. And it's like literally a professional board member that, you know, sits on eight of these things and it's, you know, kind of yappity yapp.”
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