This is so crazy. They are moving fast towards 1 billion USD. I can't see how a pre-product company can spend that amount of money in a reasonable way.
wow, funny to see how much experimentation there was before we arrived where we went. Wonder how we will look back at current technology - like Google, Facebbok, Amazon and Apple.
A mid-term (3-7 years) of irrational behaviour in a market in not unusual. Some will benefit from it.