I forget the name of it, but a number of years ago, there was a startup that wanted to make communication devices for hikers. They could transmit short messages to each other. Anyway VCs came in and asked, where’s the MRR? We’re not investing unless there’s monthly revenue.
It’s all just greed. You can’t just have a device and be good. Investors are constantly chasing the quarterly growth.
It’s disgusting.