> We have a lot of cash in the bank at the moment.. Great, explain this in adv. as well. You mentioned an angel investor might invest more, which means he already invested in. Make this clear, mention this, all of it. Be very open.
> don't need to offer equity Why not ? If you are making money, share some more with conditions. Offer some kind of compensation of somebody's hard work. Would you like somebody to work for you 6m vs 2y ? Offering equity of course is more complicated. You can "vest" his equity. Talk to your lawyer/advisor about this if you don't know what vesting is.
Let me clear what I mean, you need to look for more long term employees with offering more salary, giving more responsibility, placing some nice options, and this new "tech" stuff makes you imho more attractive. Much better developers, less dev time, more happy employees, successful business, more money in your pocket. This is a very crucial cycle.
Good luck Tom, if you have any more questions, don't hesitate. Cheers