I mean, I do contract work with startups and get paid with investor money all the time, so it's good for me.
But I think most investors are a liability.
First you have to make your employees and your customers happy and now you also have to make investors happy? How shoult this be a good thing?
It's hard enough to build products for users I can't directly interact with, why should this equation get another variable :\
The money makes sense when you need to scale fast. Specially in the development stage, when you don't make a dime yet.
With the advance of the internet marketing, it's don't make much sense, as you put.
Investors should be moving their money from internet, i think, to AI, Space, Augmented reality and so on. They should fund stuff that is really risky. Turns up ... internet is not risky anymore.
This is a myth. I've just parted ways with a second company in a row that had to discover for themselves that 'internet marketing' wouldn't magically solve their top-of-the-funnel problem.