Thoughts on startups by investors that
fund them & entrepreneurs that run them

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Is it common for startups to have a president? Why or why not?

Startups usually begin with one or two founders who play many roles. The lead founder is likely to wear the hats of Founder, Chairman, CEO, President, CFO, CRO and CMO, while a co-founder may well be CTO, Chief Product Officer, and Programming Team Lead.

As the company grows and brings on more people, even in cases where everyone wants to

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If I join a company as a co-founder, should I ask for a board seat?

A board seat in and of itself has no particular value, and is often something to be *avoided*, rather than sought out. It doesn’t give you more cash compensation, more equity ownership or more direct control over the operating business.

The legal role of the board is to make strategic and corporate-level decisions, hire/fire the CEO, and represent all of

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