> Calling someone's decision to avoid raising money irrational and attaching labels (morality?) is presumptuous.

It happens because either they had to make the decision and they accepted the money, worked for someone who has, or they are the VC who are offering the money and looking for deals. People usually project whatever they did as being a rational, right decion, and those who don't don't agree as being irrational.

Also, this forum is probably one of the most biased forums when it comes to startup "things", so I wouldn't get too upset about stuff you read here.