It’s only been a week since I wrote about Sam Altman being fired and hypothetical reasons why the board could have been justified. Altman is back and some board members have been replaced. But as I said before, this is just the opening move in an inevitable governance shakeup. Because no matter how much power the CEO has the governance structure remains a charity controlling a for profit company.
What about trying to take a secondary in that first option? Get out as the early investor but let the company keep going. Or take out a portion of your shares? Is that an option? :)
That’s definitely the have your cake and eat it too option. But less of an option for early stage companies. So to make the choice more difficult: no secondaries!
What about trying to take a secondary in that first option? Get out as the early investor but let the company keep going. Or take out a portion of your shares? Is that an option? :)
That’s definitely the have your cake and eat it too option. But less of an option for early stage companies. So to make the choice more difficult: no secondaries!