Comment by danudey

I worked at A Thinking Ape (another YC alumni), and for the longest time we had people beating down our door to invest, but the founders always told us why they weren't going to take it: we didn't need money. We had money to run the business, but we didn't have a handle on what we would do with $10m or $100m. What do we need to do to get more users that stick around and generate profit? More and better advertising? Sponsoring YouTube content creators? Hiring 50 more developers? Acquiring other companies?

Without a clear idea of what specifically you need to spend money on, and how specifically you are going to spend that money to generate growth and value, taking money is a bad idea. And if the answer to that question is "so that we can keep paying our developers", then you're probably already doomed.