10 years ago, we had a "2 VC, 2 founders, tiebreaker CEO" board structure that I think was probably more common than simply "conceding the board to the VC". (I'm aware of the pitfalls in that structure, too).
My sense of it --- and someone with more recent experience please correct me if I'm wrong --- is that the shareholders agreements matter as much as the board structure does. Point being, you wouldn't want to see "founder control" becoming cosmetic, a fig leaf around the real power the VCs wield.
My sense of it --- and someone with more recent experience please correct me if I'm wrong --- is that the shareholders agreements matter as much as the board structure does. Point being, you wouldn't want to see "founder control" becoming cosmetic, a fig leaf around the real power the VCs wield.