Preferred Shareholders
topic on 1 show · 2 statements across 2 episodes
2 statements about Preferred Shareholders, every show
Venture boards have shifted away from VC majority control toward founders
“Over the last 10 years, that's really shifted, and more of our boards have more common shareholders, more founder and, you know, employee-led board members then do, then they have preferred shareholders.”
Locker: VC directors' fiduciary duty to common shareholders takes absolute priority
“Yes, they owe fiduciary duties to the common shareholders, and that takes priority and precedence over everything as a director, and therefore they must have a record that they Acted in conformity with their fiduciary duty to the common shareholders, and it's …”