We worked with a med-tech company, as a subcontract. That company kept getting funding, investors kept pumping money in. Despite the company now being to old the justify being a startup, they had never been profitable.

We happend to know one of the newer investors and asked who did technical due dilligence, because from what we could tell the primary product was just a bunch of outdated open source software glued together and general build on 15 year old tech. We got a very angry call from the CEO telling us “to mind our own fucking business”. We don’t work for them anymore.