> Do a lot of these just get initial funding, get an office, work on their stuff, and if it doesn't succeed, it just shuts down? I'd assume that a lot of these

> Do a lot of these just get initial funding, get an office, work on their stuff, and if it doesn't succeed, it just shuts down? I'd assume that a lot of these do it in a different order: they work on their stuff (a prototype) first, then get funding when they have something to show off. (that's how it worked for me anyway)