Questions to ask

As an entrepreneur, you're going to be jumping through a lot of hoops trying to get funding. Figure out if you really need the funding, why you want it, and who you're going to get it from.

Do you need the money?
Is it enough to make things happen? How are you going to be spending the money, where does it go? what does it buy?

Why do you want the money?
Is it to give you peace of mind that the company will still be around in the next year? Is it to achieve a goal and grow the company? Are you looking for validation that you're not on the wrong path, and you want someone else to invest cash into your idea?

Who are you getting the money from?
Do the investors know anything about your business? Business model? Industry?
Are they focused on companies like yours? Do they understand the size/stage of your company, can they help you find funding for the next stage?

Finding money is not an easy task. You should consider the price of that money.