Before raising capital, ask: 1) What exactly will raising capital do for this business? What will we use the money for? And when you've answered that, ask: 2

Before raising capital, ask: 1) What exactly will raising capital do for this business? What will we use the money for? And when you've answered that, ask: 2) Is it worth giving up some autonomy to get that? Many people over-value the outside help, and under-value their autonomy.