I worked at a company that was almost entirely bootstrapped, and honestly I think it was for the worse. When they had early momentum, they could have raised mon

I worked at a company that was almost entirely bootstrapped, and honestly I think it was for the worse. When they had early momentum, they could have raised money but chose not to. It was an okay choice at the time, and the founders were rightfully proud of this -- that they'd grown as a profitable company on their own. But when things got leaner, they didn't have a reserve of cash to use, nor did they have the accountability or advisory capacity of investors to help them out. And when things were lean, they didn't have the momentum to raise money any longer, just a 'lifestyle' business's revenue which isn't very exciting to VCs. Just my personal, uninformed, opinion. And while it's clear to me that not raising money was a mistake, that's only with hindsight.