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A comment on Can a $310M startup avoid due diligence?. Parent comment

Re:Can a $310M startup avoid due diligence? by airstrike on Monday February 07, 2022 @02:51PM (#30250048)
> Founder could control everything directly or indirectly and the board might have one or no external directors.

Uhh, investors are definitely going to demand seats on the board after funding

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Re:Can a $310M startup avoid due diligence? by margalabargala on Monday February 07, 2022 @03:30PM (#30250609)
Some do, some don't. Depends on the investor and the company.

I work for a startup that has raised a bit over $30M, with no board seats given up.

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