Hi, I've got an early stage startup (saas). I need to take it to the next level and hire some developers and get someone to help me with marketing.Long story short, I'm potentially in a position to obtain some outside investment- $150k, giving away 10%, through a VC who also provide 5 month accelerator program (and access to another 500k within 18 months (*if startup does well).I've also got access to debt funding using redrawal from mortgage, to the tune of $70-80k, interest rates are very low).I'm not sure if I should go the route of using the personal debt, or use external investment. The external funding would definitely make life easier and put us in a position to do more, while paying my cofounders and I a below minimum wage.I'm a little scared to use the debt right now because of a past failed business, plus we won't draw a wage and hire cheap. But I also know it'll save us from diluting too early, getting more traction, and if goes well will let us raise a larger round next year.If it goes belly up, then it will hurt, but won't be the end of the world... I'd just get a job and start paying the debt back off.I'd love to get some opinions and advice. What would you do?Context: we're pre revenue, only a handful of paying users. Been building for 9 months, have traction from seo and am fairly confident we can ramp up user acquisition. Not too confident that we can retain them as product still needs more work (conversion rates are too low) - hence I'd like to speed up dev. see hubwealthy.com/wealthy
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