Why not? Markets are interested in capital gains and profit sharing, not necessarily steering the wheel directly.
How is it wrong for a founder to take a smaller cut of the profit in exchange for more power?
Founders (individuals) want a voice in their companies, and how much money does one need anyway? Investors (usually institutions) want to make money, and they need lots of it.
How is it wrong for a founder to take a smaller cut of the profit in exchange for more power?
Founders (individuals) want a voice in their companies, and how much money does one need anyway? Investors (usually institutions) want to make money, and they need lots of it.
Seems like a fair trade.