Scott Cooper: Startup boards are increasingly controlled by CEOs, not VCs
Scott Kupor · How to Get the Most from Your Board · Jun 14, 2019 · at 2:54
Scott Cooper of Andreessen Horowitz discusses startup board dynamics and how shifts in board voting control lessen the risk of arbitrary VC decisions.
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“Often the boards are not controlled by the venture capitalists, but controlled by the CEO and, you know, kind of, you know, other common shareholders, in which case the board really can't, you know, the venture capitalists can't unilaterally do anything. They would have to actually really generate consensus with a much broader set of folks. So I think some of those risks of kind of, you know, a VC being you know, kind of random or, you know, kind of, you know you know, not thinking through these things, And, you know, and doing that is, is much, that risk is much lessened today.”
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