Twitter co-founder Jack Dorsey penned a scathing tweet over the weekend calling the company’s board of directors a consistent source of dysfunction after Tesla CEO Elon Musk accused the Twitter board of failing to represent the interest of shareholders.
Dorsey made the remark in a tweet thread initiated by Garry Tan, co-founder of Initialized Capital, who said that having the “wrong partner on your board can literally make a billion dollars in value evaporate” adding that it’s the reason for a “surprising percentage” of startup failures.
Weighing in on Tan’s tweet was Tren Griffin, former partner at private equity firm Eagle River, who shared an article on the impact of board dysfunction on business that cited Fred Destin, founder of venture capital firm Stride.
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