Ask HN: Splitting off a product and seeking investment – LLC or C Corp?

Hi HN,

My company (currently an LLC partnership) is splitting off our software product as its own business and will be seeking investment in the software product. I was under the impression that C Corp was the clear choice if seeking investors, but my business partner says my info is "outdated and partial/lacking-in-nuance" and that there's "no reason to avoid an LLC at this point (and some key reasons to use it)."

Did something change in the last few years that I missed? I'd appreciate any info you have.