I'd tell the investor they can do 5-10% at that, or better, a convertivle note w 20% discount and $3-5M cap and (A) pointing to YC and (B) pointing out no follow on investor would join if they did higher -- after seed/A/B, only 50-60% of co should be sold. If a real investor followed, you'd be stuck paying legal fees to wash out the angel investor.
This all assumes a scalable startup, not a consultancy etc
We decided not to take angel investment, took longer to build a small business, and gave equity to more founders.
We're very proud of our profitable centicorn (one hundredth the size of a unicorn).
I guess its not easy to qualify since they get a bazillion application.
Do you just apply on the web ?
Do u have good references ?
Is it "real revenue" or r u counting the nominal sale value ?
Also - if u r still on WP then 30% may not be too bad :/
But they want tax returns and credit score. Thank you and i will look into Lighter Capita. SVB is silicon valley bank?
Tax returns and a credit score for your business? Or are they asking for a personal guarantee?