Hmm, the consensus here seems to be that you should take the money. But "it looks like we could sell for $12-14M" is not the same as "we have a firm offer". I

Hmm, the consensus here seems to be that you should take the money. But "it looks like we could sell for $12-14M" is not the same as "we have a firm offer". It looks like a few investors have invited you to respond, and one or more of those connections might work out. If none do, however, it sounds to me like your best remaining option would be to continue to bootstrap. A couple of people have suggested bank loans, and that might be worth looking into, but I'd guess your better bet is to explain the situation to some of your customers and ask them to help out by prepaying some amount of their SaaS fees in exchange for a discount on same. Nobody knows better than they do how useful your product is, and they want you to stay in business. Whatever you choose -- good luck!