Facebook, on the other hand, was always Mark's. He has had ironclad control of the company from inception to the present day. And when Facebook became the success story of its generation of companies, investors took the lesson that you always had to have the founder(s) have complete control of the company. That led to the modern trend of founder worship, which probably lasted more-or-less until Travis Kalanick, Elizabeth Holmes, and Parker Conrad swung the pendulum in the other direction.
So unless you want to buy the founder out, the founder still has ownership.
Sure the moment it goes public, you need to ask the question 'who leads?', but you will have to buy out the owenership.
https://www.lawtrades.com/blog/answers/usual-share-percentag...
Even a single founder can be under 50% by the end of the series A, as you not only have two rounds of investors, but you have to carve out a chunk of equity for employees (10-15%). And if you have multiple founders, which is typical, no one founder may own more than 50% past the seed round.
I think you knew what I meant. Or your head is in the clouds.
That's the exact setup that Domo is attempting, giving its CEO >90% of votes by virtue of getting 40 votes per share.
Is it? Up until recently this was not the typical result. Google did this and others have followed, but it’s not how it was done before then.