One thing I found interesting after becoming a VR dev and seeing behind the curtain a bit: Lots of the studios were essentially set up to only survive if they were getting supplemental grants/money from Meta and other VR platforms. These grants are pretty common and we have even taken one too at Fluid. However the danger is that many of them have you doing work that pays in the short term but doesn’t really have a shot at making you sustainable revenue in the long term (e.g. making horizon worlds content) When that temporary money dries up, you find yourself with expenses that are higher than your income and your cash starts disappearing really fast. Often these studios find it easier to find the next grant/contract than building a durable income stream based on real consumer demand. Usually the next short term project is even less likely to fix the problem than the last. This death-spiral cycle repeats a few times and then you find yourself exhausted and back exactly where you started. It used to be possible to raise outside money to build that durable thing and break the cycle, but VC is pretty thin in VR right now so the only way out is to cut your burn and do whatever it takes to get “default alive”. Studios that I admire like @Rengle820 , @WalkaboutMG, @YeepsVR , @weareFitXR have figured this out and focused on finding real PMF in profitable niches and kept their expenses low rather than staffing up a lot and chasing less concrete goals.