[hermanmerman]

Why wait to find out, when there is money on the table right now?

Also, sometimes they have to take a lot of money, as later-stage investors want to control a sizable chunk of the company (in this case, 12.5%).

[danieltillett]

Well I don’t think any company has to take any money, but I agree that it might not be a decision the founders have any control over (board level decision).