How much, you say? Apple’s financial statements for the year ending 26 September 2015 show $US205 Billion in cash and short / long term marketable securities (fancy finance speak for money in the bank and held in money market investments).
Apple, like many multinationals, are once again in the news in Australia due to tax. It was a key point of the 2016 Budget.
Accepting other people's money changes relationship dynamics. That is inevitable (and that includes business relationships). If you thought family gatherings were awkward now, imagine what they'd be like if one of your family has invested in your idea and you spend the entire event convincing them why things are awesome (especially if they're not).
The financial metrics for growing tech companies are very different from many other industries and the fact remains no financial accounting system today measures these metrics. It is a universal truth that what gets measured gets the focus and attention. The question is, can these measurement systems “pivot”?
In early stage technology companies, this one goes in cycles. The right answer for is based on the convergence of the problem you're solving, who your customer is (ie: who pays you money), and where the capital markets are at in their cycle.
I go to a lot of Board meetings, and I can count on one hand the number of times something was put to a vote. It does happen if it is impossible to reach consensus on an issue, if that’s the case then that means Board members are unaligned on the future direction of the company, and there is no other way to move forward.