That doesn't really make sense from the VC perspective. At seed a startup normally has a much cheaper valuation so the VC can get the equity stake they want at

That doesn't really make sense from the VC perspective. At seed a startup normally has a much cheaper valuation so the VC can get the equity stake they want at a much cheaper price. VCs can also take a board seat at seed level (most don't because they don't have the time to take board meetings for all their seed companies).