A few comments.

> VCs think, 'Apps are risky, infrastructure is safe,' so they invested in AI infra.

First off, this isn't even infra in the infra sense of the word. Infrastructure implied something physical, a pure software product can almost never be considered 'infra'. A tool maybe, but not 'infra'.

VCs can also be irrational and driven primarily by personal connections rather than reason. I didn't do a deep dive in this project/leadership, but often who you know is some important than what you produced. There's a reason why a lot of VCs go for the old motto of "I'd rather invest in an A team with a C product; than invest in a C team with an A product".