Dear founder, you actually don’t want to take too much ownership from your business (the asset) when you start raising.

You want to ensure you’re raising at a fair market valuation at a rationale price per share.

Live. In. The. Now. I can’t understate this enough.
Reserve shares to ensure you always maintain enough for ownership stake in your business.

Even if you bring on a board.

You can still maintain ownership stake and give the board oversight/voting rights.

Own your business don’t let it own you. 😉😉😉
Also when it’s just the two of you or three of you, YOU are the board. lol. You have to figure it out together. When you CHOOSE to bring on Board Members/Observers they will hopefully be high-value added partners and hold you accountable. Through and through.
overstate*
You can follow @timsalau.
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