That is the point. The gamble. I want to offer as low a risk to the investors as possible at the cost of supporting me "full force" sort-of-speak should I make significant progress within three years.
What if you only do 500k but strategically you could do with 10m because of a pivot? But now you’ve given away the equity so it’s harder to raise?
If the money is not needed, it becomes reserves for the corporation. Part of it might go into research.
Given the sector of this venture research of a very particular kind is required, so cushion money can be well allocated over time as needed for these research efforts.
What I want is security in a very specific form. Namely, that should things go well capital shall be plentiful and available. I do not want to worry about this.