[jacquesm]

It's exactly like the stock market, on with larger percentages.

Most people own their stocks totally passive, active shareholders are rare and usually have a big stake in the company.

If everybody who is a shareholder of Google would show up at the shareholder meeting there would be a bit of a space problem.

So passive investors are not rare at all, what is strange about this announcement is that most VCs tout their active role as a plus. This company seems to be taking the opposite tack.

IMO that's wrong, investors can be a useful sounding board and if they automatically agree with every C level decision then you lose a very valuable source of criticism.