alt Hacker News"Failure" is the expected median though. You can't due-diligence your way out of "startup ran out of runway"!
The discussion here isn't about funding, it's that there's a presumptively useful community tool which got abandoned because its owners took their toys and went home when the money ran out (instead of making a sincere effort at transitioning to community governance). That's on the IP owners being selfish jerks and/or grifting losers. It's not the VC's fault.
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While most startups fail eventually, failure in less than a year with over 7 million dollars is not the expected median. It’s the exact sort of thing that due diligence is supposed to prevent.
Also the whole project is open source. If you want, you could take it over.
At least the repo is still available. Anyone can fork and carry on, create a community, etc.
Which toys exactly were taken? The repo seems open source, is any component missing?
It's not on anyone to set up your favourite "governance" system. If anyone honestly wants to keep maintaining or using it the code is still there.