Not having outside investment can be a blessing - on this I agree with Jason Fried whole-heartedly. It is quite easy to prioritise when you can only afford to do one thing. It also helps focus.
Having a lot of money, particularly early in the cycle must be very stressful, given investor demands and the uncertainty of running a business. Maybe this is part of the art of being a good investor... knowing how little to invest.
You don’t need money Lack of money, Jason says, forces you to focus on building something that works. It forces you to find ways to earn money, instead of amusing yourself with projects that are just fun or interesting.