What you are saying is true, but at least in theory you don't lose any 'value', because the money raised makes the company worth more. It's like going from 50% of a $1m company to 25% of a $2m company.
Of course in real life things are much more complicated. And, if I was a cynic, I'd say they are purposely complicated in an effort to screw people over.
Of course in real life things are much more complicated. And, if I was a cynic, I'd say they are purposely complicated in an effort to screw people over.