Love the question! I also believe Maurice, Kerby and Assaf have done a great job answering it.

What I'd like to add is the consideration for these questions:

* Why are you raising the money? (why will it help? why can't you do it from profits? why now?)
* What do you need it for? (what are you buying, people's time? equipment? land? compute power?)
* When do you need it? (when is too late? when can you get started?)
* How are you going to manage it? (how will it be spent, tracked, reconciled, invested, returned, etc.)
* Where is the need? (where is the market for whatever you are building?)

If you answer vaguely to any of these, it might be a factor.