Worth pointing out “initial investors” is anyone who sent 1 btc to the crowdfund back in 2014. It wasnt some closed off thing for vcs, anyone could participate. People just bought their tokens before the network started.
Yeah, it's as if people who sponsored creation of Israel would be entitled to more than 60% of total Shekel supply—and I am sure most people would agree that it would not be a fair distribution by any measure.