One other thing not often thought of. Capital is expensive. Not only do you lose some control when you take capital, you now have a responsibility to investors.

One other thing not often thought of. Capital is expensive. Not only do you lose some control when you take capital, you now have a responsibility to investors. Many seem to, in my experience (take that as you will), jump in acting like it's free money. Raising capital isn't the end goal. It's just the beginning. With a more traditional fund with actual customers approach, it's reasonable to do business as you'd like (obviously this invokes a debate of a startup vs a life style business) but with customer funding, you not only have validation, but you can always raise a more favorable round later. Github is one very good example of this. In the end, cash is king.