I think if you’re a very large shareholder on the cap table with plans to continue to re-up in future rounds you really should not give up on the board seat that you’re entitled to get. But for early-stage “specialists” like us it’s correct that it’s not “worth it” to insist on a board seat — you’re just going to have a larger investor push you out later on anyway, and in the interim an observer slot is a no-cost-to-the-company way to get a seat at the table and participate in the high-level conversations that take place before formal voting, allowing for impact and influence as you noted, which is what we are (hopefully) here for.

@BeninJLM. Rare Medium posts, hopefully well done.

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