Cquence Funding History

Cquence has raised a total of $100K over the last 3 years Raising this capital resulted in dilution for Domenic Matesic despite non-dilutive funding options like Founderpath. With $100K money raised, Cquence would have to sell for $1M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $100K assuming no crazy liquidation preferences.

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