Brief: How a crowded boardroom hurt $3b startup DocuSign

Photo Credit: size4riggerboots.

US company DocuSign, founded in 2003 and valued at US$3 billion, expects to file for an IPO late this year or early next, says new CEO Dan Springer. That’s later than expected. The maker of electronic document verification software has been floating IPO plans since at least 2013. People familiar with the discussions have said that DocuSign’s sluggishness is partly due to its untypically large board which slows down decision-making. The search for a new CEO...

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