Many such cases.

The meetings are well-intentioned. The people in them are the right people. The money is real and waiting. And the meetings end the same way. The discussion sprawls. Everyone agrees the opportunity is real. No one agrees on what to build. The funders leave without a target, and the capital stays on the sidelines or gets scattered across small bets that do not add up to a foundational resource.

Before the Next PDB: Can a Field Converge Before It Builds? ↗