A great article Micah. It’s easy to criticise when chunks of money are taken out of the business, from both members of the company, and investors alike. But it is almost always forgotten that when the founder(s) started up, they had, as you said — zero dollars. They risked it all, and quite often, not just their own all, but their partners, their kids, the home they lived in.
Everyone who joined on a salary, however hard they worked and added to the organisation, has unlikely faced that big fat zero as their potential take home at the end of the month.
Everyoe who invested once it was proven, again didn’t face the same reality.
Sharing this thinking will help all the founders who want to create a legacy, not a personal wealth.