If you can possibly bootstrap without raising capital, do it. The QUT CAUSEE study demonstrated that external capital doesn't improve your chances of succeeding

If you can possibly bootstrap without raising capital, do it. The QUT CAUSEE study demonstrated that external capital doesn't improve your chances of succeeding, it just gets you to success or failure faster. It is much, much easier when you don't have to justify what you are doing in your business to anyone other than yourselves. This is true even if you have the nicest and most understanding investors.