[kamaal]

>>Could you have raised the funds with a 100% surety without him if you were a single founder?

I see this problem clear in many situations these days. A lot of angel investors/fund raisers tend to think themselves as founders.

The problem with such a though is that, your job ends once you give the money. Though arranging for money is important once sales get going you tend to be looked up as some one who did an initial favor but is by and large not contributing anything to the company for months/years.

Mean while other people, even non founders who throw in insane efforts to keep the company going look at such people as dead baggage to carry whose only role was raising that initial investment and riding that accomplishment wave since then.

After some time it makes more sense to honorably give back the investment + profits to that initial investor than have them control you, while not contributing anything meaningful to the company.