>Don't these companies usually end up failing though? Not always, it's of course in the VC's interest to push the company forward and secure further VC rounds.

>Don't these companies usually end up failing though? Not always, it's of course in the VC's interest to push the company forward and secure further VC rounds. You could have a failed initial product but play the "product market fit" or Pivot game essentially until you run out of money or find something that sticks. You can easily raise money as an AI startup with lots of hype only to be shipping a half baked marketing platform a few years later and still raise more money from VCs.