[angersock]

The board is just a bunch of old white dudes with money. The fuck do they know?

EDIT:

balls187 suggests they know how to make money--which is perhaps true, but not necessarily in your field of endeavor or business, unless you've picked them.

kelnos is closer to it, which is that the board tells you what to do because they're the board and that's the power you've granted them.

Again, in neither case, do we actually need to assume they are making the best or even informed decisions. There are some great stories of boards I've known locally suggesting really dumb things that hurt and even killed companies.

[kelnos]

Assuming you're correct (very debatable), it doesn't matter: they're the ones funding the company, so they get to make the decisions. This doesn't always work out well, but it's not unreasonable.

[wpietri]

One could make the same argument for hereditary monarchy. Which I would take as a sign that maybe it is unreasonable.

[infinite8s]

Except that taking funding is a voluntary action. Living under a hereditary monarchy is not.

[balls187]

Presumably how to make money.

[UK-AL]

Investors are like companies, 60%-80%(Dubious estimation) are not that great, but every so often there is a good one.

[gravedave]

Are you implying that young, poor black people know better?

[throwawaymaroon]

What are you thinking? You can't just point out that decision-making in Silicon Valley lies with a clueless investor class.

You've got to keep the charade going: keep them writing checks and thinking their input is valuable.