All of this is true. I would just add one thing - if your peers are raising money, it's often suicidal not to accept money in the current market. The anecdotes

All of this is true. I would just add one thing - if your peers are raising money, it's often suicidal not to accept money in the current market. The anecdotes about Google, Facebook, AirBnB are very hard to transfer to startups which are not lucky enough to have network effects to exploit.