“If there’s an absolute truth in the world of startups, it’s this: entrepreneurs have an infatuation with raising capital. Regardless of how noble your reason, you should build your company on cash flow (or friends, family and what you find under the sofa cushions) before you ever approach the market. “But, what’s wrong with chasing…”
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Great read. Thanks for sharing.
I had a personal experience with this. During the early days of Klipboard, I was so obsessed with raising funds. At one time we nearly gave away a significant equity in the company for our current monthly revenue.
It’s important that founders pay attention to understanding the nitty gritty of their business and if possible get cashflow positive before seeking for external funding.
NB* I read too much of Lean Startup and Techcrunch during those days. I guess that was why I wanted to replicate the good things I read 
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"Having cash – especially early on – can make us soft. " an example of this statement is Lucas Duplan’s Clinkle.
Loved reading this. Great points really. Bootstrapping makes an good economist out of any entrepreneur
The investor to start up ratio is skewed anyways. One might be better off spending that time running the business than chasing capital