So if I wanted to do PixActing like I wanted to breathe, my five year plan would be a) get VC funded for anything, b) achieve a modestly successful exit, and then c) recruit one similarly situated person and just shake the money tree. Without making disparaging comments about identifiable businesses, it is not a controversial observation that proven entrepreneurs with existing networks have vastly superior access to capital compared to first-time entrepreneurs with no network, independent of idea quality, target market, or execution ability.

$40 million is not a number that is unachievable in 2012. The password is just a bit different than for $200k, $700k, or $5 million.