Why are people bothered when founders of hot companies take money off the table during a financing? They own a load of personal stock and then they sell it. Why does this so often cause pushback and discomfort?<p>I could understand if it were a down round or if the available capital was limited but these stories almost always centre around companies (AirBnB, Rovio) doing very well and raising an unconstrained financing round.<p>The only remaining reason I can think of is the concern that once cashed out, founders will cease to work as hard but there's little evidence of that and plenty of founders who were rich to begin with.<p>Is there something I'm missing or is this just frugal guilt?