I don’t think it’s (generally) a question of “product-market fit” when raising $100M. It’s a question of “product-market domination”. It’s not a bet that the p

I don’t think it’s (generally) a question of “product-market fit” when raising $100M. It’s a question of “product-market domination”. It’s not a bet that the product will be profitable and successful—that should be a given. It’s a bet on the company becoming the leader in a huge market. That said, your larger point still holds :) And of course raising the stakes this way can also increase the risk of ruin.