Hardy Smith, a noted venture capitalist, sits on the board of Walt’s Widgets. When widget sales fall consistently short of expectations, which of the following (there may be several) would Hardy be mostly likely to do and why?

a. get on the road himself to sell the widgets

b. suggest different sales channels and pricing strategies

c. redesign the product, suggesting different cases and colors

d. fire the Sales VP

e. present a term sheet that triggers his anti-dilution protection