If you want an extreme example of this; go look at the Sacramento startup Sircles. 7+ year old "startup" that has sub $100k revenue after several years but 9 million in debt. The founder has an account there under u/Sirclesapp where he goes off on toxic and insane tirades to anyone who dares say anything but utmost praise at his app. Apparently he stalks their reddit accounts and sends threatening letters to their personal home addresses from his lawyer for "defamation". That I understand he sent one to some ex employees and one to some woman who I think is a paralegal and is now suing them in civil court.
He partnered with some radio program called radradio where the host had a lot of personal issues and the show ultimately got axed. The radio host was known for having issues with alcohol, but they kept partnering with him because he kept shilling their WeFunder. They've raised over $6m in SAFEs but considering they are $9m in debt, haven't broken $100k lifetime revenue after 7 years, and seem to have over a million a year burn rate, it's doubtful that the shares from those SAFEs (if ever executed) would ever be in the money.