Not quite. The ideal situation is to not have to raise money, by being default alive: http://www.paulgraham.com/aord.html http://www.paulgraham.com/aord.html

Not quite. The ideal situation is to not have to raise money, by being default alive: http://www.paulgraham.com/aord.html http://www.paulgraham.com/aord.html Just because you don't have to raise money doesn't mean you never do. Sometimes founders who are running a profitable business and don't need investors will nonetheless choose to raise money because someone offers it on very good terms and they believe they can use it to grow faster.