Prospecter Labs Funding History

Prospecter Labs has raised a total of $119.4K over the last 3 years Raising this capital resulted in dilution for Sabine Bronowsky despite non-dilutive funding options like Founderpath. With $119.4K money raised, Prospecter Labs would have to sell for $1.2M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $119.4K assuming no crazy liquidation preferences.

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