Traction is press/attention, user growth, and revenue growth in that order and with exponentially increasing importance in that order. Lots of good traction trumps college degrees, credentials, work history, connections, you name it, at least with knowledgeable and rational investors. You don't want stupid or irrational investors.
Also don't be afraid to say no if the terms are bad. When you're talking to investors you are interviewing them too. They're going to be partners. (I don't care what anyone says-- all non-trivial investors become partners though they vary in how hands-on they are. This is even more true at seed than later.) If the terms are bad or you can't work with these people walk away.
The way to get the best terms is to be in a position of strength in the negotiation process. If you are profitable already and will just use the money to expand and generate more profits then you will find it much easier to raise a round on great terms.
Don't ask for money - ask for advice. You'll learn a lot and if you are ready, you might start to get offers.