"The organic route lowers risk and reward." Yes on the risk, fully disagree on the reward part. And i am not talking about the reward of being able to focus on

"The organic route lowers risk and reward." Yes on the risk, fully disagree on the reward part. And i am not talking about the reward of being able to focus on the business rather than raising money. I am talking about cold hard cash. In a successful small business, many owners will make mid 6 figures, year in, year out, and still many will make 7 figures. After a few year, it beats a lot of exits. And there are many many more of those than the few IPO / big acquisition we can read about. Even with IPOs, the remaining share of the founder sometimes makes me sorry for them. VCs don't publicize that though, understandably.