For once it would be nice if someone would value a world in which their baby isn’t ruined by a big competitor, more than a world in which they have 20B in their bank account.
1) Once you take VC money you probably can’t say no to an opportunity like this. It’s not entirely yours to say no anymore. Alternative is to retain control, but you don’t get the cash infusion and have to grow slower and more organically. Absolutely nothing wrong with that, just a different path.
2) This is not a baby, this is a commercial product. If someone offers me 20B for something I created I will happily accept it. What greater reward for my work and my vision to create a product than someone valuing it in millions/billions?
But I’ve yet to see that happen.