Raising money at pre-MVP stage: terrible or great idea?

Hey Indie Hackers, curious what you think about it!

When I was a 1st-time founder I raised money at the pre-MVP stage and thought it was great - I could hire a few teammates, build MVP, and so on.

But it turned out to be an awful decision:

• Valuation was terrible ($800k) because we didn't have traction
• Because of that I had a tiny runway to avoid dilution
• And because of the runway I was hurrying to get traction instead of a steady product discovery

What do you think?

My full thread is here https://twitter.com/imdimakhan/status/1545346709559029765