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by re-thc 1178 days ago
> The strategy I would want to run as CEO is likely not something my COO or board will want to get behind and frankly I don't know if I have the energy to do it myself.

Why would you want to keep a COO that isn't aligned with you?

> Still negotiating, but will likely have to give up board control

Then don't take it. You have control. Tell the investors / board this isn't a viable option. We all want to survive.

As others have said - cut cost or look for different types of financing where you'll do fine. If the investors really disagree they can get nothing out of it too so everyone needs to compromise.

> But I do understand that it is my fiduciary obligation as the Founder/CEO

As 1 of the largest shareholders it's your "fiduciary obligation" to make yourself happy. Why do you discount the shareholder side of you?