VC funding is usually a decision to "go big or go home" on a timeframe, while bootstrapping allows you to continue indefinitely at any scale once revenues cover costs. Both have risks but the VC model is explicitly to spend at unsustainable levels in order to try to get big fast. That's kind of the whole point of VC. It isn't wrong or selling out, but you have to know what you're getting into (as founder, employee, or customer). If you spend way ahead of revenue to grow fast, and you don't go big, then you usually go home.

No, VC funding was not the mistake. The mistake was mine as a founder for not charging for Posterous. This is why we will charge money this time.

Nice work on the new site, the design looked great!

It's nice to see you acknowledge that things were rocky with Posterous but you are now moving forwards in a new direction based on your past learnings.

After all, isn't that one of the great things about being human? We can all learn from our past mistakes and strive to better than the person we were yesterday.