VC investment is great for founders, you can pay yourself a real wage (no more ramen), you can hire, and really make the company a success. Giving up 30% of the pie to have $5M in the bank is pretty good methinks.
Sure, you may get kicked out, and / or the company may fail, but with some cash in the bank you are THE MAN for a couple of years.
For the longest time I wouldn't have agreed with you but I had a change of heart while exhibiting at this one conference and this 21 year old guy came driving up in an expensive car while my 2004 Chevy Cavalier was being parked. There is a certain amount of hardship a person can take but it can go too far. Even going from Ramen to Cup of Noodles would be good sometimes.
