There's nothing barring this. Just don't sell any control of your company to anyone who won't agree with this strategy indefinitely, and run a consistently cash flow positive business so you will never be in a position to need to bend that rule to make payroll. It's definitely harder, especially if you don't have your own capital to start with, or hit a temporary bump in the road that bleeds the war chest, but people do it.
If you take outside capital to accelerate your business on the assumption that the investors will make money as it grows, you're choosing to join that system, no one forces you to participate.
Although I suppose you could end up in a zero sum competition with another business for market share, and there might be an unstable nash equilibrium where you both might want to not raise money, but if the other raises significant capital they could crush you, so you are kind of systematically pushed to play the game to keep your vision alive.
If you take outside capital to accelerate your business on the assumption that the investors will make money as it grows, you're choosing to join that system, no one forces you to participate.
Although I suppose you could end up in a zero sum competition with another business for market share, and there might be an unstable nash equilibrium where you both might want to not raise money, but if the other raises significant capital they could crush you, so you are kind of systematically pushed to play the game to keep your vision alive.