This got me thinking. If 100 people all pony up $1000, then you've got $100,000 of funding and no equity (as the founder). But if we stretch this idea - say $1000 buys equity in the startup equal to 49% / (total number of backers). The founder still keeps control and now has no cap on funding.
I write this with almost zero knowledge of equity financing of startups, and vc's, etc... Just spit-ballin' here!