投資人在投資過程中會關注股權架構的合理性，在未來公司上市過程中，資本市場也要求股權設計架構明晰、合理，因為在每輪投資者進入時，創業團隊都需要提前思考、整體規劃、不斷調整，為未來騰挪出時間和空間。

In the process of investment, investors will pay attention to the rationality of equity structure. In the process of listing companies in the future, the capital market also requires the equity design structure to be clear and reasonable, because in each round of investors' entry, the entrepreneurial team needs to think ahead, make overall planning, and constantly adjust to make time and space for the future.

同時，多輪次投資者的進入帶來的股權稀釋，會導致公司控制權旁落的風險，尤其是創業團隊內部出現不同聲音時，投資人往往會成為“壓死駱駝的一根稻草”。

At the same time, the equity dilution brought by the entry of multiple rounds of investors will lead to the risk of the company's control right dropping, especially when there are different voices within the entrepreneurial team, the investors will often become "a straw to kill the camel".

實際的問題往往出現在投資人或許并不想這么做，雖說作為父母角色的創始團隊一定是疼自己的“孩子”，但犯糊涂的爹媽也有的是。一旦創始人 大權獨攬，犯個大錯就可能讓投資人血本無歸。因此在實際中控制權的問題是否能夠實現，決定因素是創始人和投資人誰具有更高的談判位勢，更多的時候雙方會達成一個微妙的“平衡”。

The real problem is that investors may not want to do so. Although the founding team, as a parent, must love their own "children", there are also some confused parents. Once the founder is in charge, making a big mistake may cost the investors nothing. Therefore, in practice, whether the issue of control can be realized or not depends on which founder or investor has a higher bargaining potential. More often, both sides will reach a delicate "balance".

創業企業，要始終留出一部分股權池，來吸引區域人才、行業人才的加盟，這種長效的、形成機制的激勵，也能夠保證新老團隊的磨合不出現問題。

Start up enterprises should always set aside part of the equity pool to attract regional talents and industry talents. This kind of long-term incentive mechanism can also ensure that the running in of new and old teams does not have problems.

如若不然，早進入公司的一批人把自己看成元老，擔心新人替代自己的地位；新人們認為自己的能力更強，看著元老理所應當享受股份，雙方產生強烈的排斥情緒，那么創業企業的沖刺馬拉松賽永遠都不可能跑到終點。

If not, a group of people who have entered the company early regard themselves as Yuanlao and worry that new people will take their place; The newcomers think that they are more capable. Seeing that yuanlaoli should enjoy the shares, both sides have strong feelings of rejection. Then the sprint marathon of start-up enterprises will never reach the end.