> We don't expect any company which raises VC money to give 100% ownership of their code to the VCs. If they sell 100% of their shares to the VCs, the VCs have

> We don't expect any company which raises VC money to give 100% ownership of their code to the VCs. If they sell 100% of their shares to the VCs, the VCs have 100% ownership of the code, because they own the company.