This is a time-tested winning strategy that too few corporate owners embrace.
When you look at some of the most well-known industrial companies, their founders basically did this.
Difficulty: give away too much of the company trying to raise capital and most investors won't let you do this. Of course, you aren't really the owner then anymore, are you?
I think that's the allure of effective altruism. You founded a company or were early enough in a company to have enough shares to sell to investors. Those investors want big returns. The company is now at their mercy, but hey, they gave you a pile of cash so you can spend it on feeling good.
When you look at some of the most well-known industrial companies, their founders basically did this.
Difficulty: give away too much of the company trying to raise capital and most investors won't let you do this. Of course, you aren't really the owner then anymore, are you?
I think that's the allure of effective altruism. You founded a company or were early enough in a company to have enough shares to sell to investors. Those investors want big returns. The company is now at their mercy, but hey, they gave you a pile of cash so you can spend it on feeling good.