StatsHelix Funding History

StatsHelix has raised a total of $120K over the last 8 years Raising this capital resulted in dilution for Mo Hallaba despite non-dilutive funding options like Founderpath. With $120K money raised, StatsHelix 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 $120K assuming no crazy liquidation preferences.

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