I don't have a good frame of reference to know when VCs consider the industry worth pouring more money into or if it's a black hole for investment.
Surely there's gotta be some point where the industry has to prove itself worth additional investment $ rather than banking on finding another company where over 80% its valuation is based on memes and dreams (see: SpaceX) or has cartoonishly inflated expectation of future profitability (see: Palantir).
Fair.
I don't have a good frame of reference to know when VCs consider the industry worth pouring more money into or if it's a black hole for investment.
Surely there's gotta be some point where the industry has to prove itself worth additional investment $ rather than banking on finding another company where over 80% its valuation is based on memes and dreams (see: SpaceX) or has cartoonishly inflated expectation of future profitability (see: Palantir).