He has a point though. From an entrepreneur's perspective, investors who talk about needing more control, priced rounds, etc. so that they can add more value a

He has a point though. From an entrepreneur's perspective, investors who talk about needing more control, priced rounds, etc. so that they can add more value are no longer attractive to work with. There is nothing stopping an investor from adding value regardless of the structure of the deal. It comes down to control and the incentives for seed-stage startups giving up so much control at an early stage are simply no longer there.