Preface: So this afternoon I had the opportunity to attend a session at TiEcon on early-stage funding, in which Paul was a panelist.
Here's his list of 6 unexpected advantages:
1. You don't have to spend a lot of time raising money.
2. You are forced to grow a culture of efficiency within your company.
3. The only way to impress somebody is to build something great.
4. You don't attract the wrong type of people (the ones who are obviously only in it for the money)
5. You can't buy things so you're forced to build them.
6. You can't afford to hire someone to do sales. You have to do it yourself, which forces you to interact with the end-user.