I am not sure if that is true. That worrying about dilution is a form of downside risk mitigation. Primarily, if you don't worry about dilution you'll loose co

I am not sure if that is true. That worrying about dilution is a form of downside risk mitigation. Primarily, if you don't worry about dilution you'll loose control (unless you have some sort of special stock that gives you more voting power). Control for me is probably the most valuable thing I have. And, Although selling stock is not the only way to loose control, if you don't worry at all you'll loose control fairly quickly. Lastly, your employees will also loose moral as they see VC's own pretty much the whole company.