SureWaves Funding History

SureWaves has raised a total of $7.1M over the last 16 years Raising this capital resulted in dilution for Rajendra Khare despite non-dilutive funding options like Founderpath. With $7.1M money raised, SureWaves would have to sell for $70.6M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $7.1M assuming no crazy liquidation preferences.

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