Fund Raising - Is There a Counter Incentive?

In the venture world, there are scenarios when a company can sell for less than it raised. The firm may be more interested in continuing to raise money and making sure that they don't miss out on an opportunity to go public. Firm motivations change over time with the evolution of the firm and where they are in their own fund raising cycles. If you have a board member or investor who is not even a full partner in the firm, you can see how incentives would be for them to maximize their own investments.