It's tough to really evaluate this without knowing roughly your headcount, revenue, and growth numbers. 14MM could be a great deal if you barely scratching by with current employees, and a terrible deal if you socking away large amounts cash every month.
I was a "no" vote on the acquisition of my company and I regret selling; we would have been substantially more valuable the year after selling (we had just figured a bunch of business model stuff out). But almost everyone regrets selling, because that's when your company gets sold: when things are going well.
Be careful about threads like this. Obviously, you want to take people who are talking about how "14MM will leave you set for life" with a huge grain of salt, since that's not what you're going to take home from this deal.
Shooting for the moon is probably not a good bet the first time you pony up to the table, to be sure. But getting a company to the point where you're getting random 8-digit acquisition offers is not easy. The idea that you'll take the money this time and roll right back to the same position with a thick bankroll to make it easier is fanciful.