I primarily work with start-ups. Often I see a visionary with a great idea who wants to immediately set up appointments with VCs before testing his/her products and services. I feel your points on bootstrapping simply make sense: avoid adding a layer of approval while focusing on R&D, market research, evaluating and refining the product/services. In that way, VCs have a greater sense of the company’s mission, goals, product and potential market reach which might give them a sense of stability and, you, dear entrepreneur, more capital for growth. Thanks for this article!