I always think of the story on HN about the guy who bought back his startup from the VCs for $1 after it "failed" and he went and ran it without the same expect

I always think of the story on HN about the guy who bought back his startup from the VCs for $1 after it "failed" and he went and ran it without the same expectations, and it is doing just fine. Agree with the general point, but the guy burned 8 million dollars in investor money to get to the point where the business is "just fine". It's not really a good example IMO.