The whole saga is an interesting case study for theoretical versus real power.
On paper the board has the power and it’s their job to monitor and hire/fire the execs. But they’re dependent on the execs for info. Also having one investor own half, plus the founders guiding the roadmap and having sway over key hires leaving is where the real power is…
On paper the board has the power and it’s their job to monitor and hire/fire the execs. But they’re dependent on the execs for info. Also having one investor own half, plus the founders guiding the roadmap and having sway over key hires leaving is where the real power is…