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Good morning. Yes, you are not restricted by the initial capital investment. The price of the shares you sell now should reflect what the market will pay for them now, not what the initial investment was.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
You would be diluting your ownership from 100% to 51%, but as long as you maintain a 51% majority, you will control your company. The more diverse the ownership, the less ownership you need (e.g., in large public companies less than 50% controls), but as long as you don't go below 51% no group of shareholders can form a block of voters to overcome your control.