It's impossible to know without doing a deep dive into everything. The play with large amounts of VC usually trends towards giving a significant exit to earlier

It's impossible to know without doing a deep dive into everything. The play with large amounts of VC usually trends towards giving a significant exit to earlier investors with new large rounds, or finally to IPO - dumping a potentially worthless (long-term) company. There are a lot of companies that fit into the later round though, off-loading the risk and unsustainable spending in order to capture/hold market share - dumping that risk onto the public, general markets, where then stock brokers etc take their cut. If smart decisions are being made with this money though, then it could play out well for these companies.