I feel like we've seen this before. Young startup, visionary founder, boat loads of money, then after lots of money burned, outright lies, false claims, or at the very least vaporware.
The funny thing is, this startup isn't that young. It's 12 years old. Someone basically gave a completely inexperienced founder tens of millions of dollars and over a decade to run an R&D lab.
Oh wow good point, that's never happened before... /sarcasm To your point, longevity does not equal success. Twelve would make it 2003.. Before Facebook. Before the huge boom. Twelve years is a long time to be a "startup".