> The VCs are your "bosses" as you answer to them (though much less than a regular "boss") and to the ones you hope to raise capital from in the future.
Isn't this based solely on the equity makeup? If an investor only has 10%, but me and my co-founder share 90% then what absolute power does the investor really have?
Investors' job does not stop with giving the money. Very often, on the contrary, they are the people who will help you with connections to next round investors, will help with IPO, etc. They will not do any of this if you don't do what they want :)
Isn't this based solely on the equity makeup? If an investor only has 10%, but me and my co-founder share 90% then what absolute power does the investor really have?