You're probably not along. At the same time, I believe significant number of people (myself included) will respectfully deem this view too gloomy and pessimistic. One could probably use the same logic arguing about the first (or second, ...) round of VC financing.

In each case, you are relaxing some control of your company in exchange for something else valuable: other people's money. Whether such exchange is fair or not depends on specific circumstances; each side can always ask for more (money, control) to make the exchange fair.

I don't know of any company of any significant size (e.g. with >$100M of annual revenue) that hasn't made such an exchange at some point in its history.