>The share holders are free to take it or leave it. And they tend to take the offers from founders that give them voting power to decide the reason for the com

>The share holders are free to take it or leave it. And they tend to take the offers from founders that give them voting power to decide the reason for the company to exist. If a founder wants to raise money without trading away power in the company they can try to sell such shares, but they should expect far less interest in people wanting to buy them. Also, should we really call them shareholders or investors at that point? They are more like backers, similar to people who spend money on kickstarter.