I see this a lot these days. Great sub-100 million dollar businesses that fail because investors believe they can make it a 1 billion dollar business.
> The board [...] approved a plan to increase Fab's burn rate to generate $200 million by the end of the year. The plan would drain Fab of its remaining capital by August, but as long as Goldberg was able to raise $300 million more by then, the company would be fine.
depends on your definition of "work". i'd say the most recent example I can think of is groupon, and they were quite successful up until a certain point. even at this point today, the founders and early investors cashed out big time before the bubble burst.