Do you really think Greylock, A16Z or Azure Capital has no interest in BOD seats and no experience forming a Compensation Committee?
As CEO, the Board is your boss. If you instruct payroll to bump your salary up without proper approval you will probably be looking for another job.
These investors have a basic fiduciary duty to their LPs to make sure there is no blatant fraud, and you don't get to billions under management and not understanding this.
As CEO, the Board is your boss. If you instruct payroll to bump your salary up without proper approval you will probably be looking for another job.
These investors have a basic fiduciary duty to their LPs to make sure there is no blatant fraud, and you don't get to billions under management and not understanding this.