Personally I got to a conclusion that the common ground is a lot of time what makes sense. If you can validate as much as possible before raising the first round, raising reasonable amount of what you need to prove or get to the next milestone and do a lot of first principal thinking that could be better then beiing on each side of the extreme - let's raise as much as possible or Im not taking any VC money because it is all bad. Just my 2 cents but yes if you can grow a business with your own money - then it's amazing - just think this is not possible in a lot of cases and products.