I know I'm late. I've been a user on this website for a very long time. I eventually registered under the user name TheAdventMaster, which had its account locked because I forgot my password. While I'd like my account back, that's not what I'm posting about.
Before you consider taking VC money, tell me how many online communities - real communities of people who love and care for one another - continue to exist today. Not only that, but communities which encourage and support the growth of its members.
I've had trouble finding any. I used to visit Gaia Online back when after it changed from being Go-Gaia. Eventually, they took venture capital and decided to expand their interests and cater to the influx of new users. A lot of websites do this. The staff start debating the site's direction, and their responsibility to cater to and spread their ideas to the broader internet.
But it never works. The broader internet isn't Newgrounds. Newgrounds is a site for determined, kind, caring, funny artists, musicians, video producers, game developers - content creators.
If you took venture capital, you'd probably end up with some CEO who sighs and has to think carefully any time he responds to your suggestions for the site, because profit means appealing in some way to a broader audience, while we know very well that the broader audience won't and isn't interested in creating content for this site. And if they do create content for the site, it will be to make money and turn Newgrounds into a business, not to contribute to the community portals and grow as a person.
My answer can be summarized as "Please don't do it." But I felt like I had to say more. Newgrounds is one of the last fortresses of internet freedom, creativity, prosperity and loving-kindness that remains standing. I'd hate to see it go. I'd hate it even more if it lived on as something it was never meant to be.