Supergrain Funding History

Supergrain has raised a total of $6.8M over the last 2 years Raising this capital resulted in dilution for George Xing despite non-dilutive funding options like Founderpath. With $6.8M money raised, Supergrain would have to sell for $68M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $6.8M assuming no crazy liquidation preferences.

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