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Can existing businesses and not startups also raise VC money?

A Korean couple hit $500K ARR in 1 year without any VC money. This is an amazing read.

Founders: Protect your equity. VCs have a playbook for valuation that most founders don’t see. Here's a side-by-side look at how they calculate deals differently from you: 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧 Founder: $3M pre-money → $4M po

I wanna ask that if I have an idea to build any internet startup I want to execute it then firstly I should make mvp with my own money then find vc or directly start finding the vc for investment in my company.

An Average VC story in 2024

Elon Musk once said, ‘Failure is an option here. If things are not failing, you are not innovating enough.’ What risks will you take today?”

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