Confusion about fund raising

I had breakfast with a venture capital friend of mine - Andy Dale of Buerk Dale Victor LLC. We were talking about the confusion amongst many entrepreneurs about raising capital.  It's easy for entrepreneurs to perceive raising a big round of venture capital as success.  There's a feeling (and I've had it) of raising 5 or 10 million dollars and feeling like you've arrived. It's an easy trap to fall into and one that successful entrepreneurs fight -- remember -- success in business comes with profitability or at least with cash flow positive.