You’re not missing anything. Dilution is destruction of other shareholder equity . It means shareholders without voting rights have effectively no idea what sha

You’re not missing anything. Dilution is destruction of other shareholder equity . It means shareholders without voting rights have effectively no idea what share of the company they own. And even for shareholders with voting rights, it allows other shareholders to steal their equity. But capital holders (investors) don’t care, because they hold the power in venture backed companies.