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I honestly have no idea how you even spend $800 million on observational studies, let alone one with no public data. That’s some serious grift even in the age of serious grifts.
I've been thinking about this... I've worked for a few different startups that have burned through ~150 million over 6-7 years... and while none of them are on Uber's scale of burning billions - they arguably left a mark, generated a product, employed some people, etc. $1billion and nothing to really show for it? eeesh... that's scary.