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The 10x Angel. The 0x Angel.

Hunter Walker

There’s appropriate debate around whether the concept is true enough to turn into a hiring principle and if the concept celebrates the individual at the expense of the team. If you just need the money, stick unknown angels in an AngelList Syndicate so they have more limited information rights.

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Why I Don’t Like Board Observers

Both Sides of the Table

It’s just that many companies waste equity on advisory boards, pick the wrong advisers or set up advisory boards with the wrong expectations. Since I already attacked one sacred cow, let me come right back with my second: Board Observers. People love their advisers and I don’t blame them. in a company.

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Pre-Series A Startup Boards

Austin Startup

Instead, the company just has a loose set of individual advisors they work with on strategic matters, often in exchange for equity with a vesting schedule. The Board of Directors, however, is the most powerful group of people in the Company , with the ability to hire and fire senior executives and approve (or block) key transactions.