Pro: The money is yours to keep.

 VC and angel investors are gambling on

your business. If it succeeds, they win big; if it fails, they eat their losses.
Unlike with a bank loan, you have no obligation to repay VC funds. If you go
under, you won’t have investor debt hanging over your head.
Con: Your investors own a stake in your company. Even though you don’t
need to repay VC funds, the money comes with strings attached. Investors
give you money in exchange for an equity share in your company. This
dilutes the number of shares you hold and can offer future shareholders.
Depending on the amount of shares granted, you may be giving investors the
right to make controlling decisions about your company.
Pro: Venture capital can help your company grow quickly. Without VC
funds, you may have to wait for a steady revenue stream before you hire
additional staff or purchase expensive equipment or technology. With an
extra $500,000 or $1 million, you’ll be able to take your company to the next
level immediately.
Con: Your company may not be ready to grow. If you accept outside
funding before you figure out how to make your business profitable on its
own, you could end up spending money on hires and expenses that won’t
help your company in the long run.
Pro: VCs can connect you to other business leaders who can help
you. Venture capitalists are successful entrepreneurs in their own rights, and
they tend to have contacts that other businesspeople would kill for. VC
investors have a stake in your success, so it’s in their interest to help you
network with anyone who might be able to help your business become more
profitable.
Con: Raising funds is an arduous process. Company founders often spend
a considerable amount of time perfecting their pitch, shopping it around, and
dealing with multiple follow-up meetings. To see whether you have the
stomach for fundraising,  about his failed attempt to secure venture funding
for the already-profitable company.