Why we rejected >$1 million valuation funding deal for our startup?

I am 17 years old, and I am building a startup (basch.io) with a bunch of my friends. We recently got a funding offer that valued us at >$1 million here's the reason why we rejected that:
Let's talk about how we got the offer first. After we launched the believer's deal and it got sold out, our DMs & Inbox were full of VCs. Till now I myself have been on calls with 15+ investors.
A lot of VCs were especially impressed with our skills and experience. Even though we are 16-17 y/o each of us had already built a start-up before
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We went on calls with them and we were almost ready to accept the offer. But we had internal disagreements about whether to raise or not.
The fact is, we are all builders from the heart and we are all building this for fun. But raising money is a commitment. It won't be just fun anymore
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Two pieces of advice really shaped our opinion on this topic:
> Fundraising 101, Part 1: When and Whether to Raise by @gaganbiyani
> Reflecting on My Failure to Build a Billion-Dollar Company by @shl
 
and almost all of them wanted us to drop out and work full-time, which we were not sure about, here's what @digvijaysra said:
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Believe me or not, raising funds has never been easier. Here's what an investor friend of mine said to me:
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Also, another reason is that all of us believe in ourselves and know that when we are in the right stage to raise, we will do it. But for now, we better focus on building a good product. Learning to build a good product, learning about growth, user acquisition etc. is more important right now. For us, it's a learning experience.
And to be honest we are inspired by the bootstrapping movement led by @arvidkahl and @agazdecki. Bootstrapping it and selling it on @microacquire would be much more fun!
I am by no means, saying that raising funds is bad! I am still in touch with all the VCs and write them a monthly newsletter. So hopefully when we are prepared to raise, they are too. DM me if you want me to add you too ;)
 
Keep building, keep hustling 🚀

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