Never holding an annual stockholder meeting: consequences?

If you're a startup founder and have raised venture capital funds, and you NEVER hold an annual or other stockholder meeting: do your investors generally just accept that? Or do some of your investors get irked and demand an annual meeting? If your investors are large investors then they would have likely negotiated the right to get financial statements, so that should keep them happy even without an annual stockholder meeting, but for others, do they care that there isn't a stockholder meeting? Thanks.