Voting structure has nothing to do with raising money. Investors have leverage over terms when company is in trouble and finding it hard to raise money. They ca

Voting structure has nothing to do with raising money. Investors have leverage over terms when company is in trouble and finding it hard to raise money. They can include terms that can limit CEO power or change his/her behavior. Typical way they might do this is by demanding board seats and taking control over hiring of CxOs. Voting structure can become more or less irrelevant when you are in desperate need to raise money.