I thought this article excerpt said it best:
“So what are the main benefits of angel investors?
Cash. You need cash to grow your business and angel investors have it. It sounds obvious, but don’t take money from angels or investors unless you plan on giving it back.Control. The terms are less demanding. Angel investors are looking to have less control over your company than venture capitals or institutional investors regarding shareholder rights, governance, and decision making. They are around for the ride. Because Honest Tea raised funds from angels, our cofounder, Barry, and I were able to protect Honest Tea’s mission.Angels can offer advice, experience, and support.They have great networks, can serve as local cheerleaders for your product or service, and can help get you connected.”
Excerpt provided courtesy of Inc.com‘s article: The Dos and Don’ts of Raising Money from Angels