Right, and another factor to consider is what percentage of the company was owned by investors. After a series B, they may have owned a majority. Apart from exerting pressure, it’s possible that this decision was made 100% by the investors and the founder(s) had no choice. It could also be considered poor form for a founder to make this public if that’s what happened.
It’s important to understand who is actually in charge before assigning blame to anyone.
It’s important to understand who is actually in charge before assigning blame to anyone.