Lets put the fundraiser in simple terms that everyone can understand. Everyone should agree agree that all investments should have a proper risk/reward ratio. This project itself has a lot of risk and potentially a lot of reward, so neither can outweigh the other. Now lets look at this objectively from that perspective.
Ethereum project;
Risk = Very High
Reward = Very High
Founders;
Risk = 0%
Reward=100%
Early adopters;
Risk = 100%
Reward = ?
Put that on a graph. Does that seem like a fair transaction to you?
Hmmm - I'm reminded a little of Dragon's Den - The entrepreneur asks for a big investment. The dragons ask what it will be used for. The entrepreneur says 'to pay myself a big salary'. The dragon says 'I'm out'.
I want to see the devs with skin in the game - if their project fails, they shouldn't be sitting on a big BTC cushion.