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Re:MIT And Dropbox Alums Launch Inbox, a Next-Generation Ema... by logicallee on Monday July 07, 2014 @02:49PM (#8000575)
who cares what they want? If they put in the money as a minority shareholder, their options are to follow the CEO or try to change his/her mind.

Note: they're very good at the latter.

Re:MIT And Dropbox Alums Launch Inbox, a Next-Generation Ema... by btown on Monday July 07, 2014 @03:26PM (#8000795)
To elaborate on this point: if your current VCs aren't able to change your mind, and they get angry as a result, just their absence alone from future funding rounds will make it nearly impossible to get other investors interested. So they basically have you by a chain.
Re:MIT And Dropbox Alums Launch Inbox, a Next-Generation Ema... by potatolicious on Monday July 07, 2014 @03:24PM (#8000780)
Or exercise their Board powers and fire the CEO when push comes to shove.

Nobody spends millions of dollars on something to make themselves powerless in it.

Re:MIT And Dropbox Alums Launch Inbox, a Next-Generation Ema... by argonaut on Monday July 07, 2014 @05:26PM (#8001528)
That's what the parent poster is getting at. In SV, most founding teams retain control after a seed financing, and many continue to retain control after a Series A.