Board of Directors

An analysis of the Board of Directors in a startup, detailing their legal power to manage the CEO and the critical distinction between binding votes and friendly advice.

Fiduciary duty is the legal obligation to act in the best interest of the company. This article defines the duties of care and loyalty and explains how they bind founders and board members.

This article defines hostile takeovers, explaining the mechanics of tender offers and proxy fights while examining how equity structure impacts a founder’s control over their company.

A General Partner manages a venture fund, makes investment decisions, and actively sits on boards. They are distinct from Limited Partners who provide the capital.