The company raised a huge amount of cash and needs to make money to survive. The mistake was probably raising too much money.

So somehow, he thinks that the projects his colleagues „believe in“ are going to be more profitable than what they are currently working on. Do they have a business plan? Have they spoken to customers? It’s just so naive.

And it’s important to note that while they raised and spent a huge amount of money, they sucked up all the talent and probably prevented other competitors from emerging in the space. So we shouldn’t feel so sorry for them. They were privileged to have so much money available to them when others didn’t.

But I won’t lie, it’s always nice to have VC money dumped into open source work while it lasts.