> When asked about the $85 million that Airlift burned through in less than a year, Gul insisted that these were the wrong questions to ask. Instead, he defended, the right questions were: “What enabled Airlift to raise $100 million-plus in three years?

Giving money to people who think the goal is to raise money - this is how it ends.

The positive way to look at this is that clueless investors lost their money. That's capitalism working as intended.

Anyway found the key quote

> “Everyone [in management] was new, they were these youngsters who just stayed in their offices,” a lead warehouse manager told Rest of World. “Senior management was never in the warehouses and they just sat inside and did their meetings on Zoom, not bothering to check the issues in the warehouses, leaving the burden entirely on the live operations team.”