> So is the business model of these projects - 1. build a popular dev tool 2. aquire funding 3. hire great talent 4. pray for an aqui-hire that justifies the initial funding amount

Indeed, so as a library/framework/engine/runtime user, for the last decade or so, I've basically avoided anything that touched VC-investments, as eventually the tool will either degrade, get too expensive or straight up disappear, and I got so tired of having to refactor and move stuff around just because new owner did something shitty.