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Ask HN: Should I take angel's money?

by damechen on 1/3/21, 9:39 PM with 5 comments

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!

  • by jschveibinz on 1/4/21, 1:03 AM

    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.

  • by nosmokewhereiam on 1/3/21, 10:12 PM

    Don't stop believing in yourself.