Hacker News Reader

But if targeting a small exit doesn't allow for investors that means individuals trying for small exits won't find investment.

"suggests individual entrepreneurs have a much higher likelihood of success when they raise less capital

Maybe angels?

Angels are often as not more headaches than their money is worth. You get almost all of the downsides of having investors and none of the upsides.

Angel investments can make sense but usually only if you know you will be going for a larger round later.