craigslist famously rejected taking outside money for years.
But more importantly, I don't think VC or VC money is always bad, but I get extremely wary when a relatively small company gets a shitload of money that they'll then be forced to grow into a way that means they'll lose focus on their core product.
I remember when I told a friend of mine that Postman raised nearly half a billion dollars in total funding, and his jaw dropped "You mean that browser plugin that allows you to make REST calls???" And sure enough, postman got filled with more and more "enterprise-y uselessness" to the point that I just stopped using it.