I have a question for the group and would appreciate input.
We`ve launched our site and its growing well. Overheads are minimal so we don`t need a lot of cash. Having been `burnt` through two startups already (angels and VCs) - I wanted to do startup #3 without outside funding this time around.
But an organization has reached out and offered cash for equity - like I said, we don`t need much cash to survive and could get by without outside funding but their `pitch` is..."you owe it to the concept and the members to raise cash and `take the business to the next level`."
Am I being stupid or selfish by wanting to do it without outside funding? This may seem an odd question but I`ve been mulling it over since these conversations...
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