Don't raise venture capital if you want work-life balance. Raising venture means you sign a commitment to build a public company. Your job is to do whatever it takes to win. So why do people say work-life balance is possible? Let's just state the facts. Your odds are 0.00006%. You're competing in the Olympics of Business. But you think you can win an Olympic Gold Medal training half the time? To me, it's delusional. I don't think I'm 2x more talented than everyone else... so I can't work 40 hours when others work 80 hours. Sound crazy? Don't raise VC. Bootstrap your company and work 9-5.
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