Episode Details

We've all seen the headlines: a startup raises $100 million and everyone assumes they know what they're doing. But what happens when the money arrives before the clarity? In this episode, we explore the most spectacular examples of companies that raised enormous sums without ever deciding what they actually planned to build or sell. From Juicero's $120 million juice press that was defeated by human hands to Theranos's $700 million fraud, we unpack how easy VC cash creates organizational chaos, hires talented people into vacuums, and turns funding from an asset into a liability. If you've ever wondered how sophisticated investors pour billions into companies that can't answer the most basic question — what do we actually do? — this episode has your answer.