> I had some angel investors who each invested about $20k. Now I do a new startup that is going really well and those old investors tell me that the right thing

> I had some angel investors who each invested about $20k. Now I do a new startup that is going really well and those old investors tell me that the right thing to do for me would be to give them some stock from my common for free. Would they have been willing to have their previous investment diluted on the same terms? They'll respond that they're not asking new investors for stock, that they're asking you, but ....