No, financing is an important part of any business operation, and very few business that we know would have been successful without it. Of course companies can

No, financing is an important part of any business operation, and very few business that we know would have been successful without it. Of course companies can raise too much, and consider 'a raise' as some kind of material win, and derive too much identity from it ... but that doesn't mean it's bad. A decent round from a good fund is the a really great positive signal, perhaps the most positive. Just because software doesn't have working capital or capex requirements, doesn't mean those costs are magic. People's time is money.