Advisory Board
Example · Board of 3Should we raise our seed round at the higher valuation that comes with the worse investor?
Chief of staff
This one needs a board: The Strategist, The CFO and The Investor. The Strategist maps competitive dynamics and strategic options across multi-year horizons. Each researches alone first, then they react to one another — and on a decision, two of them take opposed sides.
The StrategistCompetitive Expert
The CFOFinancial Controller
The InvestorVC Partner

Asked first
Has a competitor already made this move?
Yes, one hasNot that I knowWe’d be first
The board’s call
Take the higher valuation, but only if you secure board observer rights from the lower-quality investor and an A-round commitment letter from a top-tier syndicate partner.
Valuation today is less load-bearing than lead-investor signal at the A. Observer-only structure protects the cap table without the governance risk.

The Investor disagreed
“Board governance gets messy fast — get a venture lawyer to draft the observer terms”
Board of 3 · up to 135 credits on the card · an example, not a recorded run








