Because your pay comes from venture capitalists

You work for a startup with a few dozen other people.

It has never made a profit.

It doesn’t need to: it’s funded by venture capitalists.

They know what they’re doing.

They know that the startup will likely fail.

They’re betting that if it does, other startups they’ve invested in will make up for their loss with outsized profits.

That doesn’t make any difference to you.

The work you do every day will likely be for nought.