My (non-technical) co-founder, let's call him Mike, and I have been working on a startup for about a year now. I developed a pretty solid MVP last summer and we now have about 15 customers who have brought in approximately 50 users each that use our product as well. We started making a little bit of money through affiliate marketing, but have several revenue generating options planned for the future. Our business is somewhat seasonal, and the money we've made so far has been made in an off-season. But we see huge potential for growth and exponential increase in revenue as we get more customers.<p>We've been looking for angel investors to get us going, and through an acquaintance Mike found a group of 5 friends willing to invest. Unfortunately, Mike and I live in different cities (he's in SoCal, I'm in NorCal), so I wasn't there to pitch the investors. Anyways, they agreed to give us $100k for a 45% stake in our company. Originally we wanted to bring on a partner who would give us $80k for 33%, but the potential partner was dragging his feet too long so Mike approached this group of friends instead.<p>I was super excited to hear that we would get $100k, so I didn't say anything right away (which was probably stupid on my end), but 2-3 weeks have now passed and I'm starting to wonder if we're giving away too much equity. It's not that I am being greedy all of a sudden, but rather I'm worried that Mike and I would be left with 55% and if we needed/wanted to raise VC money later we would get diluted so much that we'd lose control of our company. On the other hand, it may be too late to convince the angels to give us 70k for 30% (though we haven't signed any agreements yet), because they would think we can't make up our minds (Mike had pitched them for 100k). Mike doesn't share this concern with me and he would rather have the extra 30k as a buffer, but if I insisted he would talk to the angels and see if they would be ok with the new terms (though that could hurt our credibility and they could change their minds entirely).<p>Do you think we're giving away too much equity? Should I insist on changing the terms? Or should I just let it go and worry about it later (if we ever even get to a point where we'd have to worry about it)?<p>Your advice is highly appreciated!