[knarf55]

I think it depends on what he wants to do with the money? He already mentioned that money isn't going to change his life style (but we'll see if that's really the case) but having only 25k in the savings with a family? That's just being a bit reckless. I do agree with the points of a few commenters here that he should just take a 1M or 2 off the table so he can focus on the company and not worry about his personal financial circumstances. Also, you never know in this world when a medical emergency happens and he needs to use this money. Having the money gives him breathing room and overall the benefits of just having options in life.

If nothing else, he can reinvest that money to other startups as an angel.