HN Explorer

Ask HN: Should I take angel's money?

3 points by damechen ↗ HN
I got a profitable project. A few angels DMed me showing their interests to invest. But...

1. It's not a money-burning project. I have no employee, also no plan to buy ads. 2. Idk what it feels like if I take someone's money. Will it have too much pressure? So far I'm really enjoying doing this on my own pace.

Well, I also have three reasons to take their money:

1. Quit my day job without worrying financial stability 2. Use Angel's network to get more users 3. I'm noob on this VC thing, maybe getting a good angel as a mentor would also help?

How do you folks thing? Should I take or kindly say No? Thank you!

5 comments

[ 3.4 ms ] story [ 25.0 ms ] thread
nosmokewhereiam
Don't stop believing in yourself.
damechen
100 believe! The thing is I don't know what the impact would be if I take the outside money. I don't really need the money, but if an angel could really help boost my business, I would definitely think about it.
ve55
It's only a choice you can make, but I think you'd need to provide more information about what your business is and how it could benefit from the capital, else users here will just have to guess about your preferences and intended future for it.
jschveibinz
My advice: Outside investment should be part of a plan. First, figure out your goals (6 months, 12 months, 24 months) for life and business. If 6, 12 and 24 all pretty much look the same to you, then you don’t need an investor. If 24 is supposed to be 4x where you are now with the business and the revenue, then you probably need the investor. PS: Advisors are always good, with or without their money.
damechen
It makes sense! Not sure if angels care about the growth that much, but it would be definitely the case for most VCs.