Amazing person doing amazing things has an option to not take the money and have 100% of the upside of his amazingness.
What people seem to forget is that it's about risk.
VC investing is high risk. For every 10 investments, 1 is wildly profitable and the other 9 are failures or low returns.
For that reason the ROI for that 1 out of 10 success cannot be "fair" by your metric - VC has to make enough to cover the 9 losses and some profit.
What the amazing person gets from the deal is knowing that even in the likely 90% case of failure, he won't sink in debt to fund his work.
Other systems can be envisioned: for instance, a basic income or a negative income tax would remove much of the risk that individual programmers, inventors and tinkerers face when trying to pursue their visions.