Does Tuneup Ventures involve in managing the startup in the growth phase?
Often our group funding results in us holding a minority share in the startup. However, we insist on securing an executing seat in the company. Therefore if we take a lead in an investment we will be involved in managing the startup one way or the other. This role could be in capacities such as a seat on the board of directors, advisory board, or mentoring the CEO. We will also negotiate critical voting rights with the founding team; votes such as first-right-of-refusal, veto right on choosing C level executives, taking loans, selling company and so on.