He kept 80%. The other 20% is owned by 8 different VCs. Seems like he's still in control. There's value in using other people's money instead of your own becaus

He kept 80%. The other 20% is owned by 8 different VCs. Seems like he's still in control. There's value in using other people's money instead of your own because it might make him less emotionally risk-averse in how he manages it.