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Just re-reading Paul Graham of Y Combinator in San Francisco about bootstrapping a business, and fundraising, being the second hardest thing of a start-up. The hardest thing being: making something people want.

Bootstrapping a business would be consulting. And about consulting he says: "It's not as painful as raising money from investors, perhaps, but the pain is spread over a longer period."

And a few tips on dealing with investors (and other people who (might) give you money), such as "don't take rejection personally", the strategy of "ramen profitable", and a very important one: "The worst case scenario is the long no, the no that comes after months of meetings. Rejections from investors are like design flaws: inevitable, but much less costly if you discover them early."

Read the whole essay here: http://www.paulgraham.com/fundraising.html