You're confusing hacker news with "silicon valley". That's a mistake. And VCs are irrelevant, really, in this age of angels. Thank god they are going away, though of course they don't realize it yet.
VCs are the enemy. If you want to have a successful company, never deal with them, except at the very latest stages where you give them a bond like return in exchange for them getting to claim they invested in your company.
Angels are generally your friend, though.
Your thinking will be better off if you just don't think of the term "lifestyle" business. It's a pejorative used to manipulate you into wasting your life in service to someone else's narrative.
I'm not some kid with a keyboard- I've spent nearly 30 years in the trenches dealing with VCs and helping startups.