15,914 karma · joined February 22, 2007
The key is to stay very lean until you have definite product/market fit and can raise a huge growth round.
If it makes you feel any better, I'm mostly criticizing myself for engaging in a pointless and unwinnable debate :)
My purpose in all of this is not to "prove" that these are all nice people, but simply to point that you are all speaking with great confidence about the characters of people that you really know nothing about.
At the same time, I know it's pointless to argue with people who already know the answer, so I'm probably wasting my time.
If you've never been on the other side of the news, you may not understand the difference.
You're right though that it comes down to definitions. I think the prevailing definition here is some closer to villain.
There's no point in arguing though. People will continue to believe what they want to believe regardless of truth or evidence. (e.g. http://www.newsweek.com/why-we-believe-lies-even-when-we-lea...)
The way you lose control is to do something like one seat to the ceo, one to preferred, and one "independent". The investor recommends his highly qualified friend as the independent member, then sometime down the road you run into trouble and the investors + independent fire you (the ceo), and then you've lost all control.
Exactly right!