Founder control packages (Elon, Revolut, Zuckerberg) becoming necessary to attract founders public — but participation rates must be carefully structured
Going public 'sucks' for founders (quarterly pressure, activist risk, no control); super-voting and ratcheting equity packages are the price to keep founders engaged post-IPO, but boards must tie payouts to operational milestones not just stock price to avoid 16%+ participation rate dilution that compresses shareholder returns.