"Chad Rigetti, the startup's founder and CEO -- who declined to say whether the company is actually earning any revenue yet." who would also decline to say whether the company is doing proper quantum computing yet.
If he knew how much revenue he was getting, he wouldn't know whether the revenue growth rate was growing or shrinking. How the fark is he supposed to get Series A funding at a good valuation like that? Naw, man, he did it right - assume a given momentum sufficient to get the next round of funding, and who cares about the company's actual market position?