How do you define successful ?.
There must be some +ve energy between a startup & an investor. Timing is also everything. Investors can only invest in so many pet food startups. While a pet food startup is making money and is considered a success, that doesn't mean investors have to invest.
Investors sometimes walk away from a B-team founders of a startup no matter how successful the startup really is. A-team with B-plan is always prefered over B-team with A-plan.
Sometimes, Founders decide not take money from investors, if they believe that the investor may only bring money and without any intellect and/or networking.
With that said, the final transaction is not everything.
No.