If you want exponential growth out of your company in the future, you probably won't be able to "boot strap" that growth. Without outside funding at some point, you will have to pass on great opportunities, such as the chance to buy a larger manufacturing facility or pursue a new product or market.
You shouldn't be going public until your annual earnings are greater than $1,000,000 and you are confident they will increase at least 20% for years to come.
Where should you go for money in the meantime?
If you have a track record of profitability, you might actually find the cash you need from your own banker, especially if you have a good relationship. If you are a young company, there are numerous other options for investor financing; but you will need to give up some equity to get it. That can be a good thing because you can get the investors' expertise as well as the money.
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