Gorilla Technology Group Funding History

Gorilla Technology Group has raised a total of $15M over the last 21 years Raising this capital resulted in dilution for Spincer Koh despite non-dilutive funding options like Founderpath. With $15M money raised, Gorilla Technology Group would have to sell for $150M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $15M assuming no crazy liquidation preferences.

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