[im3w1l]

The logic isn't sound though, that's the issue. Let me try to simplify it even more and annotate

    1. Not raising money give you more skin in the game (valid observation)
    2. Skin in the game is an advantage (valid observation)
    3. There exists at least one advantage of not raising money (valid conclusion)
    4. You should not raise money (NOT VALID conclusion)

You can't go from a single argument in favor of something to that thing being favorable overall.