I was just sitting in my car today and thinking back to this post. Control and Ownership are directly tied together. Not independent. The reason Zuckerburg has control is because is the largest stake holder (ownership) in Facebook. But since his ownership is 21-22%, he is highly obligated to all other shareholders. This relationship is clear when you see it from the 51%-49% split.This sounds like excuses to a problem or business that doesn’t exist.
Either way it is nonsense for two other reasons. Control and Ownership are independent of each other. Zuckerberg only owns 21-22% of FB but he is still very much in control.
Secondly, would you rather have 100% of a $1,000,000 company or 20% of a $20,000,000 or $100,000,000 company?
Thanks for perspective, it is helpful.I work for a early stage VC company here in Germany and we usually receive financial forecasts which have founder's salary included. However those salaries are of course low at first (1.5 - 3k €/month). We had one case where someone wanted to match their current salary as a freelance consultant in order to work on the project full-time, which came out to be almost 100k/year, which we found was way to high for a brand new startup. So salary can matter, but if you err on the lower side than I don't think it would be a problem most of the time. Just my 2 cents. Your mileage may vary.
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