Sorry, but what's the actual corporate structure here?

For software companies, investments are nominal in the sense that they come with responsible CFO's, budgeting and reporting structures that would prevent the money from being vacuumed into personal accounts for investment gambling.

Is it really the case that a Netflix would just wire $11M based on a promise? Or that they would tolerate the kind of hostaging that insists on building v2 before delivering v1?

I assumed that anyone in any field disbursing $1M+ contracts has provisions for monitoring, bad faith, etc. (and clawing back misappropriated fund). But not here?