Sadly it is not unique to VC. Many in-house products of large companies follow exact same story: sunk cost fallacy, investing in expectation management instead of the product itself, risky and expensive bets dressed as 'MVPs', riding on perpetual promises etc.

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6LLvveMx2koXfwn 6 hours ago | parent | next [-]

Yeah because developers never wrote a line in POC which made it to prod ;)

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pockybum522 6 hours ago | parent | prev [-]

Agreed, I have no experience with VC anything, but I was still nodding along the whole time as I was reading.

	▲	restlake 4 hours ago \| parent [-]
		same. substitute VC with upper management and I (corporate dev through and through) became more queasy as I read. product and strategic mismanagement is the real deal regardless of the source of capital