Posts Tagged ‘Board composition’
VC Term Sheets – Board Control
by Scott Edward Walker on March 24th, 2011Introduction
This post originally appeared as part of the “Ask the Attorney” column I am writing for VentureBeat. Below is a longer, more comprehensive version, which is part of my ongoing series on venture capital term sheets. Here are the issues I have addressed to date:
- common mistakes dealing with VC’s
- valuation
- liquidation preferences
- stock options
- exploding term sheets and no-shop provisions
- anti-dilution provisions
- dividends
Today’s post relates to the composition of the Board of Directors and specifically addresses the issue of who should control the Board following a Series A financing.