For holderSmall, it is good because it does less dilutionMedium,...

For holder
Small, it is good because it does less dilution
Medium, it is good because it not only gives company the right money to progress up to the stage xyz but also limits the dilution.
Large, it is good because the company now focuses on major things without worrying about money.

For non holder
Small, it is bad because it’s only about keeping the light bulb on and another cr on the horizon.
Medium, it is bad because not only it will dilute existing shareholders unnecessarily but also doesn’t take the company up to the meaningful stage.
Large, omg it’s really bad, massive dilution get out as quickly as possible.

I think people got my gist.

In my opinion, the right time of entry and exit in any spec stock is the most important all other rambling are just noise.

Cheers and waiting for the details.