I'm the last person to defend Zynga and it's practices but I agree this needs caution.
If the boot is on the other foot, and VC's are expected to own such a degree of responsibility to maintain their reputation, then as a founder suddenly I'm going to be dictated by my investors as to how to run lower level aspects of my business that would not normally need board (thus investor) approval.
If we want investors to remain hands-off outside of board decisions then you can't expect them to take responsibility for aspects they have no control over.
If the boot is on the other foot, and VC's are expected to own such a degree of responsibility to maintain their reputation, then as a founder suddenly I'm going to be dictated by my investors as to how to run lower level aspects of my business that would not normally need board (thus investor) approval.
If we want investors to remain hands-off outside of board decisions then you can't expect them to take responsibility for aspects they have no control over.