Aaah had noted to respond to this one but just forgot. When I first read it, the article was very insightful and showed Carol Musyoka is reinventing herself mentored by the likes of Sunny Bindra etc.
Just two points:
1. Often the entrepreneur desperately needs the private equity/investor early on, in the business. Yes, the biz idea is beautiful and commitment neverending, but the beginning is always the most challenging.
Note also entrepreneur needs capital, is clueless on how to commercialise, and may have never setup a proper business. It needs experience and the private equity/investors bring it on board.
2. Time changes many things. The letter in the article seems to have been written in a later stage in entrepreneur's life. Joint efforts have succeeded in creating something worth keeping and entrepreneur has learnt to run a business - but it's not fun any more!
And they no longer hold equity investor on a pedestal as with time you know people's weaknesses.
Conclusion:
So the entrepreneur chooses to write Carol Musyoka's letter, in order to access 'fully, without restriction' the wealth they both created but process and controls keeps out of reach.
But the question begs, is the company better off in the end? Is the rate of growth maintained or perhaps other suitors appear? As with all things in this world, only time will tell.