I agree, I don't like the term "lifestyle business", it is just a business, but in the tech industry I have seen that term used in a derogatory way when frankly

I agree, I don't like the term "lifestyle business", it is just a business, but in the tech industry I have seen that term used in a derogatory way when frankly I love that type of business. Raising money can be done outside of the traditional tech VC world as well. High net worth individuals who themselves own businesses many times are willing to invest on pretty decent terms. But your point is super accurate, raising money takes time focused on raising money and not building the business or product, which is why incubators/VCs favor multi-founder startups. The incubators all know essentially one founder will spend the majority of their time raising capital, meeting new investors and finding warm intros to investors etc. It is a full time job.