alt Hacker NewsVC system with multiple investors means YC can't tell their company what to do. No mote than you can tell Google what to do because you have $100M in shares.
VC system with multiple investors means YC can't tell their company what to do. No mote than you can tell Google what to do because you have $100M in shares.
There are economies of scale. But if one of your investors owns even a single digit percentage of your company and calls you to comment on direction or strategy, if you're wise, you pick up the phone.