I believe you underestimate the constraints that come with VC money. VCs tend to expect a high ROI so that one good investment can make up for multiple bad ones

I believe you underestimate the constraints that come with VC money. VCs tend to expect a high ROI so that one good investment can make up for multiple bad ones. That, naturally, leads to a go big or go home attitude. A business model that yields a reliable 10% profit margin, but with a low overall volume and low growth is not suitable for any VC-backed company. So that's a space where bootstrappers only have to compete against other bootstrappers.