Comment by tptacek
Comment by tptacek 4 days ago
You're not going to sell a board seat. Not how it works. You probably can't even sell the shares!
Comment by tptacek 4 days ago
You're not going to sell a board seat. Not how it works. You probably can't even sell the shares!
No it doesn't. It's very difficult to imagine a plausible circumstance where you have a company that took significant investment where you could hold a board seat that the board could not eject you from after you left the company. You can't sell a board seat.
"Yes, I'll put another hundred grand into the company, but I want a pref issue with an attached board seat."
Depends on why you have the board seat.