Comment by gigantor

You meant Felix Dennis, but to your original point, "How to get Rich" (and its follow up "The Narrow Road") drive home the same point. Maintain full control at all times. That includes term sheets with clauses that they will bring on an "independent" board member to settle performance-related issues (but really, they represent the investors). Fight nail and tooth for every equity point you're giving out. For a good case study, see Mark Zuckerberg, who would have been voted long ago if he did aggressively maintain control.