I work for a startup a year old, with about 10 people in it and a round A of 1M. What's happened in the last of month is that the VC's have put one of their own guys in as president (not someone that they chose - one of the actual VC's: formerly a stock-broker with no previous experience running a company), who is now starting to dictate schedules and parts of the technical direction.
My question is: this is unusual, right? I understand that it's common to put in a CEO at a later round, but having the fund-raisers in the presidential role while we are still in heavy development seems very out of the ordinary...
Has anyone else experienced this? And if so, was it a portent of doom?
