Serial entrepreneur and seasoned investor Vinod Khosla has some strong, contrarian advice for the venture capital industry: don’t sit on your founders boards. Khosla, who spoke on stage at the Upfront Summit in Los Angeles this week, spoke about the culture of capital.
“I’m not a big fan of governance; I think if you engage as a team member with a founder – you have much more influence than if you’re sitting on a board and voting,” he said. “Other VCs accuse us of being very active and very engaged – but the flip side of it is they vote on boards. We don’t – no matter how important
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