I’ll agree with your point that growing a business has challenges, but I feel like I have to disagree that the challenges I’ve described aren’t unique to venture capital.

For example, constantly operating at a lost is very much an approach for venture-backed companies. Companies without VC can’t afford to do that. Similarly, having investors you have to keep in the loop is, again, specific to taking investment. I don’t see how that would be an issue if you didn’t take VC money.