Companies usually run informally at the pre-seed and seed-stage, without formal meetings of the board of directors. However, once your business closes its first round of formal venture capital financing from a professional investment firm, and one or more venture capital partners have joined your board of directors, the meeting process becomes more formalized.
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Louis Lehot is a corporate, securities and M&A lawyer in the San Francisco Bay Area. He helps form, fund, buy and sell businesses.
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