Earlier quoted context omitted.
They're making digital infrastructure that other startups those VCs fund will be able to use, maaan.
It's hilarious, I can't even... only happens in America. Get $10m and no pressure for revenues
Username checks out
Consider this: Uber loses `x` per year but somehow synergizes with (i.e., provides services for) another startup that gains `2x` per year. That's a net of `x` per year for the investors!
And your observation that you need money to make money is correct. That's why it's traditionally an American thing -- lots of that around.