It honestly just comes down to a question of what the investors will let you get away with - if you're viewed as incompetent but sitting on a golden goose inves

It honestly just comes down to a question of what the investors will let you get away with - if you're viewed as incompetent but sitting on a golden goose investors will push to dis-empower you as much as possible whenever you come knocking for emergency funds. If the company is successful and just seeking some marginal funding that could, alternatively, be secured by bank loans... then you've not given them as much leverage to work with.