the feeling that they needed to include a few paragraphs of “look this isn’t the single digit amounts your friends are getting… but… it’s dilutive and we know best for you” language is telling
Exactly. A lot of academics fall for it, thinking these are normal amounts. Then later when they try to raise money they often get into trouble as no invester in their right mind wang to touch them. Having a university as a major share holder with voting seats isn't a great idea!
