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Rajan Paswan

LostBird :) • 1y

Last time we discussed dilution in SHAs. Today, we tackle the Board of Directors (BOD)! The BOD: This group oversees your startup's big picture strategy. The SHA defines how many board members there are and how they're chosen. Why it matters: Having a say in BOD selection ensures someone represents YOUR interests! They can influence crucial decisions affecting the startup's future. What to consider in the SHA: • Board size and composition: Does it allow for founder representation? How many board members will there be in total? • Election process: Do you have a say in who gets elected? Does the SHA outline a fair voting system for board member selection? • Board Removal Process: Does the SHA define the process for removing board members if necessary? Remember: A strong BOD can guide your startup to success. The SHA ensures your voice is heard! Next: Tag-along & drag-along rights - stay tuned! Here is Our Last Post(Dilution): https://medial.app/post/6629fb1dbdf11e638f6198b5

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