Oh, sorry. I didn't mean as an exit plan. I was thinking of the FU money concept. I think there's a similar benefit (from the VC's POV) to some a bit of lifestyle inflation and the ability for the founders to have enough cash to use cash to solve personal problems instead of spending their time.
I'm thinking "toys" was a bad word. I'm thinking getting a reliable Tesla as a means of personal transportation, not a yacht.
This is called "taking some off the table" and there is a place for it, but it is usually a small part of a bigger push to get the company to rocketing growth.
I'm thinking "toys" was a bad word. I'm thinking getting a reliable Tesla as a means of personal transportation, not a yacht.