I've bootstrapped all of my businesses too. However, that isn't a viable path for every business plan. If you need a lot of money to even begin, if you want to maximize return very quickly and exit, and so forth, VC is a better way.

It's all about tradeoffs, and the right tradeoff depends on the specific venture.

I do, however, think that a lot of people starting companies seek VC funding when it's not appropriate for their venture, just because they perceive that to be the only, or best, way.