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Coming out of COVID, investors lose their taste for board meetings


Two weeks ago, longtime venture capitalist Chris Olsen, a general partner and cofounder of Drive Capital in Columbus, Ohio, settled into his seat for a portfolio company’s board meeting. It turned out to be a maddening exercise.
“Two of the board members didn’t show up, and the company had a resolution on the agenda to pass the budget,” recalls an exasperated Olsen. A “junior person was there for the venture firm” — a co-investor in the startup — but that individual was “not allowed to vote because they’re not the board member. And so we had this dynamic where all of a sudden, the founder is like, ‘Well, wait a minute, so I can’t get my budget approved beca …

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