I've been reading people talking about giving away 51% of the company in exchange for money and considering it normal.
I perhaps miss something but what is the point of creating a startup company if you give away the control of it? Then the investors can throw you out if you don't please them any longer. In fact, I've seen this happening, 10 years of hard work on your venture and then you're on the street with nothing but a sad memory of what you had and lost.
What's the point of getting investments under such conditions? Isn't it turning effectively back into "work for hire" that people are seeking to flee away from when they're considering their own venture?