Your board will increase over time and it’s highly likely you won’t retain a board majority (and that’s ok) Founder Controlled Independent or Investor Controlled Round D+ • 1-2 Founders • 3 VC Investors • 2 Independent B • 1-2 Board • 2 Founders Observers • A + B Investor 7 Person • 2 Independent Seed or common • 2 Founders 5 Person • Maybe Seed Investor 3 Person Time Source: Mark Suster, Both Sides of the Table