Ok, I will shit-talk VCs just a little bit.
It was curious to see, when
@spindl_xyz was being acquired by Coinbase, how many of our VCs discouraged me to sell, and pushed me to either keep on building or launch a token and pump it as much as possible.
Spindl was a modest success, and early investors got a passable DPI, but nowhere near a fund maker. In their minds, this was failure.
Tech is like the cliché WWI movie: the VC generals lounge in their plush tents in the rearguard, ordering frontal assaults on unassailable redoubts, no matter the casualties, to claim the glory of a capturing this hill or that town. After all, it's 10x or nothing for them: Over the top, boys! Over the top!
The corpse-strewn field will be forgotten by them (and everyone else), but they'll be there to takes selfies with the one guy who somehow made it through the rat-tat-tat alive, and claim it a providential inevitability and testament to their strategic acumen.
And the only right answer when the VC orders another suicide charge is to laugh in their faces and say: "well *you* go grab a rifle and take that hill then, motherfucker" and do what's best for you and your squad to get out of the mess alive.
There'll be a different set of generals the next war anyhow.