I strongly disagree. 1) Increasing the number of investors, increases a CEO’s effort required to maintain the same quality of investor relationships. 2) An in

I strongly disagree. 1) Increasing the number of investors, increases a CEO’s effort required to maintain the same quality of investor relationships. 2) An investor doesn’t need to be malicious to be a major problem. Misunderstandings, misinformation, and disagreements are more likely with larger groups of investors. One disgruntled investor in a shareholder meeting can do great damage to perceptions, which can harm your chances of reinvestment from the other investors. 3) If you want to remain a private company, you must keep the number of investors below 2000.