Operational Autonomy
Definizione
Operational autonomy is the degree of independence a founder or management team retains to run day-to-day decisions without investor or board approval.
Come si presenta nel fundraising
Founders often negotiate operational autonomy alongside valuation, since heavy investor involvement in hiring, spending, or product calls can slow a company down even at a strong price.
Domande frequenti
What typically requires board approval instead of founder autonomy?
Major decisions like new financings, large expenditures above a set threshold, executive hires, and any sale of the company.
Does more investor money always mean less autonomy?
Not automatically, but investor protective provisions, board composition, and information rights all shift real decision-making power, so founders should read the term sheet closely.
Termini correlati
Metti in pratica questo termine
Le definizioni vincono le negoziazioni solo quando ci sei dentro. Trova gli investitori che finanziano il tuo stadio e avvia la conversazione.
Esplora il database investitori