I'd caveat this very slightly, as sometimes a business model turns out to be existentially viable, but lacks the kind of scale, revenue, or exponential growth that VCs want to see.
If your business model doesn't include paying back your investors, it's not viable. If your business model does pay back investors, or doesn't require them, then congrats! You've avoided the dismal equilibrium and have a successful business that serves its users instead of abuses them :)