Startup Funding Espresso – Who Controls the Board

Investor Connect Podcast · May 14, 2026 · 2m

Who Controls the Board Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Founders who take on funding start the process of transferring control of the company to the investors. As the funding moves from Seed to Series A, the investors increase their control. Most seed-stage companies have no board of directors. Instead, they often have a board of advisors who can provide advice and direction. At the Series A, the board of directors is often formalized with two from the investor side, two from the company side, and one…