It is quite important to realize before taking angel money that angels are like VCs in one important respect - they need a liquid exit of some kind within a few

It is quite important to realize before taking angel money that angels are like VCs in one important respect - they need a liquid exit of some kind within a few years, generally via an acquisition. This may not be what you had in mind for your future if you want to build a lasting standalone company. Have a conversation with prospective angels at some point and discuss this scenario. Ways you could make it work for them in the absence of a liquid exit are via dividend payments when your company is sufficiently cash flow positive, or by buying some/all of their share outright when you can afford to do that. Once angels are ok with that, they'll be less likely to give you colored advice which may be oriented (even if just subconciously) towards getting your company sold pronto.