No, you're mixing up a chicken/egg thing here. It's not the problem with VCs that, if you're frugal, you can make an early round last until you find the right idea. You can't have that early round money without promising a certain kind of return to the VCs. It's your fault (or, mine, in this case) that VC money has been put at risk.
You can't moralize about VC's "pushing the company to burn all cash". It's the VC's money you're talking about The VCs invest with the expectation that you're going to go for broke. That's the model. Most startups fail, even the carefully run ones. The 1-2 successes need to pay back the failures and then some.
You can't moralize about VC's "pushing the company to burn all cash". It's the VC's money you're talking about The VCs invest with the expectation that you're going to go for broke. That's the model. Most startups fail, even the carefully run ones. The 1-2 successes need to pay back the failures and then some.