[raffraffraff]

What if they're series F and are burning €1m per month on infrastructure because it's badly designed, and haven't yet turned a profit? Maybe VCs really do have billions to slosh around... Didn't a start-up go under recently for that very reason?

[btmills]

We typically invest at earlier stages, so I can't say firsthand what diligence looks like at series F. If you mean Fast, Gergely Orosz had a good writeup at https://newsletter.pragmaticengineer.com/p/the-scoop-fast. Sounds like that was more attributable to hiring ahead of revenue than infrastructure spend.