[harryh]

The headline of this article doesn't really match the contents. Certainly partners from Felicis Ventures will disagree with founders from time to time, they just apparently won't vote against them in board votes. In many circumstances this promise won't have much practical impact.

[kevinpet]

The article doesn't clearly say board votes. It actually says "vote the shares", which, I'm not all that clear how often or with what significance shareholder votes happen in a pre-ipo company.

[harryh]

I'm not gonna save never because I'm sure there have been bizarre exceptions but....basically there are never shareholder votes. Only board votes.

[dirtyaura]

When the composition of board itself is changed, I think that has to be agreed by shareholders. There can be differences between legislations though.