&gt; Am I the only one to think that Ms Holmes has been funded way too early ?<p>Depends on the story. Time will tell. Assume that she did 99% on time and budget, but the last percent was some problem that just could not be solved - or the engineering requires an Eureka moment. In that case you could burn billions and still be at 99%.<p>On the other hand she may have committed fraud - knew her tech is not working and hoping for a miracle.