I would have said exactly the opposite. Newfangled SV businesses have all that investor cash to pay salaries, whereas bootstrapped need revenue, the sooner the better.

Make no mistake, the only reason a company closes is because they run out of cash. Old-style businesses have been doing that forever. SV businesses do the same when that "next round" fails.

Which leads me to conject that a VC business is just a bootstrapped business, where VCs are the customer...