These days I am in process of raising 20k$ for my project (a facebook application), that requires at least 30k$ (10k of which I am able to come up with myself). When negotiating with an angel investor he initially asked for 40% stake but I have succeeded lowering his offer to 25% (we haven't signed anything yet).
Does it sound like a good deal, or the percentage is too high? Should I try to get the funding for 20% ? or maybe even lower ? It may force me to go with another investor of course...
I saw that companies like yCombinator and techstars provide these amounts for as high as 10% stake, but I guess these deals are pretty hard to come by.
What do you think? Any advice would be highly appreciated.