The founders have control of the company and hold it for ransom. They can destroy the company if they aren't kept happy.
If I'm understanding you right, it sounds like VCs choose to not require fiduciary-style obligations of the founders?
e.g. whatever the contract looks like, I'm a bit surprised it wouldn't have a term along the lines of 'by taking this money you promise not to self deal'
if you owe them 50B (val of wework), you own them