VC Term Sheets – Board Control

Introduction

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.

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Tags: Board composition, Board control, Paul Graham, Series A, Series A financing, term sheet, venture, venture capital, Y Combinator
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