Like many of the comments below I don't agree with this statement. I have been at several mid to large sized private companies and have watched at least 4 $30m

Like many of the comments below I don't agree with this statement. I have been at several mid to large sized private companies and have watched at least 4 $30mm+ projects go up in smoke over the years. Fortunately I have not been involved in any of them directly but I got a front row seat. Surprisingly more then half didn't result in extensive turnover of the key parties involved.