That's absurd. 1 point of the company at a given stage might be 5-10% of the total investment that the VC makes (given that VCs typically shoot for 10-20% of the company).

The VC is doing, give or take, the same deal 10-20x in a portfolio. If you talk about that 1% becoming a norm, then it really moves the dial 5-10% on the total return for the VC.

A founding team should be owning 60-80% of the company after that transaction. Meaning, the 1% ownership difference is something like 1.3% of the founders' total return.

If you're going to try to do math on it, be fair and real.

Full disclosure: VC here.