Very possible. It depends on the operating agreement, but unless any investment or creation of shares requires unanimous consent, they can be diluted to virtually nothing.
Interesting, it’s always been my assumption, and unless everyone is operating in good faith, if don’t have board control (and/or >50% of equity) it’s a possibility that I might well get diluted to nothing.
As such, unless I’m confident that I trust everyone involved, I would value equity quite low (and I’ve certainly been screwed out of equity in the past...)
As such, unless I’m confident that I trust everyone involved, I would value equity quite low (and I’ve certainly been screwed out of equity in the past...)