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Control doesn't make it his money. His money is only small fraction of the money being spent. You made two statements that he is spending his money and spendin

Control doesn't make it his money. His money is only small fraction of the money being spent. You made two statements that he is spending his money and spending money makes it not an achievement if it successful. Neither of it is true , bootstrapping your way to success may make it even more impressive achievement, but success with or without money is difficult achievement that shouldn't be belittled.

nowherebeen 5y ago
> he is spending his money Say I have >50% control: Can I make it a dynastic company and ensuring my kids gain control of the company? Yes. Who can stop me? No one. Can I dilute everyone else's shares and issues dividends when I want? Yes. Can I issue dividends only to a certain class of shares ensuring those shares which I own a super majority get paid? Yes. Can I fire the board when I want? Yes. I mean sure. Its not his money, but its his company. Through and through. > His money is only small fraction of the money being spent. Company assets is not equity. I am not sure you fully understand how equity works. > spending money makes it not an achievement if it successful. No. Depends on how you spend it. Again, read my last comment.
- manquer 5y ago
  Do read up on minority shareholder rights. Controlling Voting shares is not as the same hash rate in crypto, owning 51% doesn't give you effective control to do anything you want. There are restrictions on what you can and cannot do .
  - nowherebeen 5y ago
    Minority shareholder rights arose because of past abuses, but the advantage is still very much to the majority shareholder. Your odds of winning a case against a majority shareholder is slim to none and would takes years to resolve in court. So my argument stands firmly. You have a overly simplistic and idealistic view of how equity works. This argument is getting boring so I am going to stop here. If you still think you are right, then I wish you all the best in the real world.

nowherebeen 5y ago

> he is spending his money Say I have >50% control: Can I make it a dynastic company and ensuring my kids gain control of the company? Yes. Who can stop me? No one. Can I dilute everyone else's shares and issues dividends when I want? Yes. Can I issue dividends only to a certain class of shares ensuring those shares which I own a super majority get paid? Yes. Can I fire the board when I want? Yes. I mean sure. Its not his money, but its his company. Through and through. > His money is only small fraction of the money being spent. Company assets is not equity. I am not sure you fully understand how equity works. > spending money makes it not an achievement if it successful. No. Depends on how you spend it. Again, read my last comment.

manquer 5y ago
Do read up on minority shareholder rights. Controlling Voting shares is not as the same hash rate in crypto, owning 51% doesn't give you effective control to do anything you want. There are restrictions on what you can and cannot do .
- nowherebeen 5y ago
  Minority shareholder rights arose because of past abuses, but the advantage is still very much to the majority shareholder. Your odds of winning a case against a majority shareholder is slim to none and would takes years to resolve in court. So my argument stands firmly. You have a overly simplistic and idealistic view of how equity works. This argument is getting boring so I am going to stop here. If you still think you are right, then I wish you all the best in the real world.