http://www.paulgraham.com/control.html is a good follow up to read on this topic.

As always, VentureHacks has great practical advice on the board:

http://venturehacks.com/articles/one-way-control

http://venturehacks.com/articles/board-structure

Great point - I was just reaching for it when I finished the article.

One general note... Look how many recent news articles you can find when you search for the board firing founders on Google. https://www.google.com/#sclient=psy-ab&q=board+firing+founde...

It's not scientific, but it highlights that friendly relationships can go awry.

They went to business school and yet somehow met someone twice and wanted to give away the keys to the kingdom? Hmm...

The article doesn't specify _which_ business school they went to...doesn't necessarily mean they went to GSB haha.

That's a very selective school that few people are lucky enough to attend. It is not well named.

"In the last few years, it’s become more common for angel investors to ask for a board seat"

Is that really the case? It contradicts what I've heard.