On Tue, Aug 25, 2009 at 5:47 PM, Steven Wallingsteven.walling@gmail.com wrote:
I think everyone needs to calm down a little. Remember that we just got 2 million dollars to further our mission, and that the board seat appointment (which isn't an unusual practice, at least in my experience) does nothing to impede our work and the positive impact we can have. It's the exact opposite, in fact.
Indeed. Per the FAQ — it's a $2m unrestricted grant paid out in four chunks.
Grants that big without specific targeted goals are somewhat unusual. Arguably the imposition of goals has a lot more influence on the operation of an origination than a simple board seat, even if it's a voting seat.