You're facing founder resistance on board seat allocation. How do you navigate this term sheet challenge?
When founders resist board seat proposals, it's essential to approach the discussion with strategy and empathy. Here's how to address this delicate term sheet issue:
- Understand their concerns. Listen actively to grasp why founders are hesitant about the allocation.
- Offer compromises. Suggest alternative structures that satisfy both the founder's control and investors' oversight needs.
- Highlight long-term benefits. Emphasize how a diverse board can provide valuable insights and aid in company growth.
What strategies have helped you overcome resistance in term sheet negotiations?
You're facing founder resistance on board seat allocation. How do you navigate this term sheet challenge?
When founders resist board seat proposals, it's essential to approach the discussion with strategy and empathy. Here's how to address this delicate term sheet issue:
- Understand their concerns. Listen actively to grasp why founders are hesitant about the allocation.
- Offer compromises. Suggest alternative structures that satisfy both the founder's control and investors' oversight needs.
- Highlight long-term benefits. Emphasize how a diverse board can provide valuable insights and aid in company growth.
What strategies have helped you overcome resistance in term sheet negotiations?