AcctTwo Shared Services Funding History

AcctTwo Shared Services has raised a total of $1M over the last 13 years Raising this capital resulted in dilution for Bart Welch despite non-dilutive funding options like Founderpath. With $1M money raised, AcctTwo Shared Services would have to sell for $10M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $1M assuming no crazy liquidation preferences.

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?