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Coach
30-70% YoY growth is nothing to scoff at, what are you looking to potentially get out of angel funding?
The only money I've put into my businesses has been my own or bank loans. I don't like the idea of investors having a say in my business at all.
Ideally to help accelerate things, either have me go full-time (or add a different full time person that has better marketing experience), potentially invest in adding product lines to our existing customer set (~$60-100k investment to get another similar product that meets a "brand" and has IP but we don't have cash to make it yet). But I've honestly only seen colleagues take money and fail a year later so... does taking money immediately make the pressure of go big or die bigger?
With that kind of revenue growth you can look for other types of funding that does not impact your ownership equity. Loans and Credit Lines for example.
Are you profitable or is there a clear path to profitability? I am also guessing that your revenue is <$50K. Is there no way to finance the dev investment?
I’d keep from getting angel investment if you can avoid it unless you see a potential business with $1B. In that case, it may be worth getting on the investor hamster wheel and giving up significant equity.