Here is the next one in the Startup Boards series.
This is super good. It’s funny when I see seed companies in SEA at seed either think they don’t need or want a board – or haven’t even thought about it.
I suggest it is good to have a board from seed or first institutional money in and from there on out.
I think his chart is pretty good – only thing we have noticed is sometimes at A the seed board seat is gone for the A board member. Maybe the seed investor takes an observer seat or something versus the board expanding to 5 members to accommodate both the seed and A board member.