Here's my take on the situation as someone who bootstrapped a mobile app, got some traction, and did not end up raising a seed round (We even had a YC interview). I tried to use some real numbers/examples:

http://blog.zmitri.com/startups/2013/06/14/you-need-a-millio...

I can give you lots of specific examples if you send me an email, but I feel bad calling them out in public, because it's a grind and I don't think it's my place to do that.

You guys see so many companies that you probably have a fantastic, if not the best, take on this. I scoured around looking for data and statistics to figure out what was going on, but you can just ask your companies I imagine.

We're still going either way.