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Control Depends More on Results Than Term Sheets

Posted by on July 25th, 2012

Fred Wilson of Union Ventures writes Entrepreneurs Have Control When Things Work, VCs Have Control When They¬†Don’t on his AVC blog.

This is one of those ideas that seem completely obvious but only after I’ve heard them. Whether we’re founders or investors, we focus on terms and percentages as determining control. But in the real world, as Fred points

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