The point of this whole debate is this: VC return = equity * performance. Optimizing for the former is much less leveraged than the latter, since performance c

The point of this whole debate is this: VC return = equity * performance. Optimizing for the former is much less leveraged than the latter, since performance can vary by 10000x. If asking for better terms means you lose out on any deals then doing so is probably not in the firm's best interest.