Oh, I'm SURE there will be. I expect at least a couple of criminal prosecutions - particularly coming from the East Bay lab and one C-suite exec in the PA HQ. This was some serious stuph - peoples' lives were endangered and maybe lifespans compromised. This is serious felony sheet.
Butt the third-rate VC will find some way to cover up the loss in time. Wait a couple of years or three, merge it into something legit with a boolsheet deal - having a big number with 90 percent of it in never realized conditional payments. Counting on short memories.
You see, the VC partners who greenlighted this turd don't want to be kicked ~OUTT of the game NOW, when they can string it ~OUTT for 2-3 more years and try a ploy to make it nott a loss (e.g., the boolsheet transaction) and eventually people will forget. That's the game they have to play. Otherwise they're ~OUTT now and they'll never gett back in.
There is politics within VC groups as well as between them. Nobody wants their losers to be unveiled - because then they are gone.
Smart, first-tier VC will usually cut obvious endless losses early - that's how they gott where they are. Everybuddy makes mistakes - this is nott an exact science - it's HARD WORK to allocate capital efficiently. Butt knowing when to walk away and quit shoveling dollars onto a bonfire is a discipline one has to have to keep playing. Also the first-tier firms (and their partners) can take some notable losses, because they have a hell of a lott of notable winners and their partnerships (generally) are nott as fragile. Nobuddy will kick Sam Colella to DaCurb even if he has 6 stinkers in a row - he has a looong and noteworthy track record (plus he pretty much runs the show at Versant).
There's one thing I'd bett on and that is that Thanatos doesn't just close the doors and shut down. The third-tier VC will find some way to cover up this smelly turd.
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