Love the discussion. VC investors waking up all sweaty in the night, having their micromanagement self telling them "these kids are going to get us rich, but they better not use too much money doing it!". If you want to hedge your bets, buy index funds.
Uhm, I don't know. If there's one area where VCs have far greater understanding than the average startup founder, it's things like resource management. That doesn't mean VCs should make decisions for you, but they should be able to help when it comes to e.g. how long you keep your legacy product going while pivoting.
The reason that "startups rarely die in mid keystroke" is that they run out of steering way before they run out of fuel.