In digging around trying to investigate rumors that KPCB VC John Doerr lost his “board observer”status at Twitter two weeks ago, I came across the information that almost all investors including Doerr were told to stop coming to board meetings in late August/September, when it was reported that Fred Wilson and Bijan Sabet had left.
The thing that’s hard to understand here is that Doerr never actually had an official observer seat to begin with, so there was nothing to “lose” per se. After Doerr, Wilson and Sabet stopped attending meetings, the remaining seats were stripped of their VC affiliations and became “independent directors,” said a source
familiar with the matterwith knowledge of what transpired.
Investors Were Kicked Off The Twitter Board “For The Good Of The Company” | TechCrunch