11 ms·

I think there are a couple of things you should ask yourself: 1. Do I need that much money? Maybe you do, but I'd guess that you probably don't need that much

I think there are a couple of things you should ask yourself: 1. Do I need that much money? Maybe you do, but I'd guess that you probably don't need that much yet. Why not accept a smaller amount (for a smaller slice of the company)? In the future, if things work out you could give them an option of investing further. 2. Are you comfortable taking the money and possibly losing it? Odds are that you'll likely fail (sorry, not sure how else to word this) - will it ruin relationships? This isn't an easy question to answer. If I were in your shoes, I'd probably try to take a small investment from each which will give you the capital to run for 3-6 months. After that, if things are going well (and hopefully they will be) - think bigger. Disclaimer: I've never taken any investment so feel free to ignore my advice completely.

kingsidharth 16y ago
Those are very wise words! I'll say take the bare minimum (that means no new machines or such) and start off. Ask when you need more. This will keep things in check. Too much money and money at wrong time can kill a startup.
zbruhnke 16y ago
1. I probably do not currently, but this is a situation where I could run into needing that amount very quickly depending on server traffic etc. I could take a smaller amount from each, strangely that is something I had not thought of/ 2. That is what I am struggling with the most, I could take the money from an Angel of a VC with no questions asked because I truly believe in this idea (and in the words of a big name angel investor I met on my last project, I "have too much of an ego to fail" so i am confident it will work and work well, but I guess in the back of your mind you worry about how relationships will be IF it does not pan out like everyone thinks. Thanks for the comment and the input, it is greatly appreciated.

kingsidharth 16y ago

Those are very wise words! I'll say take the bare minimum (that means no new machines or such) and start off. Ask when you need more. This will keep things in check. Too much money and money at wrong time can kill a startup.

zbruhnke 16y ago

1. I probably do not currently, but this is a situation where I could run into needing that amount very quickly depending on server traffic etc. I could take a smaller amount from each, strangely that is something I had not thought of/ 2. That is what I am struggling with the most, I could take the money from an Angel of a VC with no questions asked because I truly believe in this idea (and in the words of a big name angel investor I met on my last project, I "have too much of an ego to fail" so i am confident it will work and work well, but I guess in the back of your mind you worry about how relationships will be IF it does not pan out like everyone thinks. Thanks for the comment and the input, it is greatly appreciated.