News for hackers. Stuff that matters.

A comment on Conflicted Capital. Parent comment

Re:Conflicted Capital by k__ on Wednesday March 10, 2021 @12:28PM (#26413719)
Why would you even give up more than 49% of your company?
[ Parent | on HN ]
Re:Conflicted Capital by sebmellen on Wednesday March 10, 2021 @12:30PM (#26413752)
You might not realize that a 5% stake with two board seats is much more powerful than a 25% stake with one board seat. Corporate dynamics are weird.
[ Parent | on HN ]
Re:Conflicted Capital by k__ on Wednesday March 10, 2021 @12:45PM (#26413922)
Ah, okay.

I think, in Germany it's different, sorry.

[ Parent | on HN ]
Re:Conflicted Capital by sebmellen on Wednesday March 10, 2021 @03:34PM (#26415843)
Ganz ok. Ist ja sehr verwirrend.
[ Parent | on HN ]
Re:Conflicted Capital by rsweeney21 on Wednesday March 10, 2021 @12:33PM (#26413788)
It doesn't matter what % of your company you own. What matters is whether or not you control a majority of the board seats.
[ Parent | on HN ]
Re:Conflicted Capital by texasbigdata on Wednesday March 10, 2021 @01:20PM (#26414259)
Well....technically.... what matters is your ability to replace and/or appoint board members :)
[ Parent | on HN ]
Re:Conflicted Capital by nradov on Wednesday March 10, 2021 @12:49PM (#26413949)
Because you need the money and have a weak negotiating position. Not every startup is like Facebook.
[ Parent | on HN ]