First-time founders should almost never take funding

Funding is worth taking when you want to trade additional risk for potentially larger gains. Talking of the “startup lottery” is not so far off the mark. Investment is a bit like gambling. When you raise funds, you take on a larger risk, both personally and on behalf of the company, in exchange for a potentially larger return. via Investment increases your risk

Daniel Tenner shares why fund raising increases risk and why first-time founders should not take investments. This is an interesting read, if you are considering between bootstrapping and raising funding.