Comment by throwpoaster 4 days ago
> 'Selling your board seat' really means engineering a complex deal that requires a bunch of other people to sign off.
The company is at (pre-)seed, so the next round is this exactly: they're probably rewriting the shareholder agreement, for example.
I wouldn't call it more "complex" any other round.
You're simply wrong, I have done deals like this. You are clearly quite upset about something, and are not providing a clear argument -- relying instead on personal attacks and "no true Scotsman" goal post shifting.
Good luck to you, all the best!
I have no idea who you are and there's nothing personal about any of this, but I am concerned that people are going to read this and come away with the idea that departing founders with board seats generally sell them, and when they try that, everybody is going to look at them like they're both naive and irrational --- exactly what the original poster said they were trying to avoid.
A startup that has a board is a company you can't sell a board seat at. This is past silly. Despite what you wrote earlier, "holding on to and selling" board seats is not a thing.