$10 Billion Deal, page-903

Umm this is done all the time for spec companies. It is amazing what you discover when you do some what-if number crunching on a company.

Somewhat off topic I do this with all the early stage startups I am looking to invest in. I find around half the time the unit economics of the whole business make it non-viable. Some of the founders are devastated, but a lot are really grateful as they go off and change their business model to something that is viable. Lots of pain avoided working on something that will never make any money.

So we have here a whole lot of investors that neither understand the science nor have done any research on the financials.