> Can you imagine raising $288 million from VCs for a software application while delivering so little?

What? You're imagining VCs caring about pizza money? Should I mention, perhaps, the AOL-TimeWarner merger? Or maybe AT&T buying DirecTV for $50B and essentially giving it away for $8B?

Heck, I was a part of an utterly failed project with a $150m budget (in 2005), in a large European company.

> For the main system they're also using COBOL, which has no Date data type, causing issues even in 2025.

And? They haven't missed a single payment day in all their existence, moving data between multiple types of media. While working with staff levels that won't even qualify as "skeleton" in plenty of companies.

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ripjaygn 3 days ago | parent [-]

> Heck, I was a part of an utterly failed project with a $150m budget (in 2005), in a large European company

Was it a just a somewhat complex CRUD app like the SSA example or most govt IT projects? Or were you guys trying for something more complicated and innovative and failed?

	▲	cyberax 3 days ago \| parent [-]
		It was an ERP application from a large three-letter European company. In other words, a CRUD app with lots of UI forms. Nothing innovative or particularly interesting. The hardware to deploy it was alone a couple of million. At least, I got to play with some rather cool gear (for that time).