Many founders worry about keeping control of their startups as their companies grow. As a company takes on new investment, the founders will typically lose control of the company’s board of directors and voting control of the overall company. Because the board can fire a founder and is the gatekeeper to other major milestones in the life cycle of a company, founders are often concerned about their ongoing ability to maintain their vision and control.
In this article, Jonathan Axelrad explores some of the ways founders may address this concern. Click here to read the full article.