You can be the Chairman

When you are asking for a big investment and it return is offering a major share and the chairmanship to the investor, then without exception you are making a big mistake. Make no mistake, the Chairman runs the show and he has the power to fire you, the CEO! So what you are doing here is giving the investor the power to fire you, and not even for a second think that he will never exercise it. Calculate very well, keep the greed apart and ask for a reasonable amount from the investor, an amount which will make him the minority stakeholder in your company. Negotiate the deal well and keep him off the Chairman’s chair. Be clear that the chair is reserved for you. Once you reach a point where you realize that your company has grow way too much and being the Chairman yourself will not do it much good, then step aside for someone you trust and have the knowledge and the capability to do justice to that role. Until then, it is best to keep the role for yourself or vacant.