Oops, sorry to drop the thread, didn't get any email notice on the new replies.
First of all, thanks to all of you for posting your thoughts, there is a lot to take back. Offcourse @paraschopra 's opinion is coming directly from the horse's mouth.
The thing is, today founder's only claim to fame is a big funding round. So when I am talking to founder's around me, their first milestone is raising money. For many business models, this may be a necessity. But there are a bunch of problems out there which can be solved by a small team, beautiful product and clever scaling.
Since there is a lot of literature out there on "how to raise money" and "what do investors look for", I thought there should be atleast one thread which talks about successfully bootstrapping a venture to a position of dominance. The best examples I can think of are Basecamp, Atlassian, VWO, Zoho, Stitchfix and Freshdesk.
We have to bring out more stories like that.