ACTO Funding History

ACTO has raised a total of $11.5M over the last 9 years Raising this capital resulted in dilution for Parth Khanna despite non-dilutive funding options like Founderpath. With $11.5M money raised, ACTO would have to sell for $115M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $11.5M assuming no crazy liquidation preferences.

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