ElBulli was $300+ a plate, had a waiting list a year long, and ranked #1 in the world multiple times. It never achieved a profit and finally closed due to financial losses. I'm sure Schiit would love to have access to audiophile research and technology on the level of TI. But without a way to recoup those costs it'd drag Schiit down and we'd all be worse off because of it.
The way to push the envelope on hi-fi is increase the size of the user base. In order to increase the user base it needs to be accessible. $30k speakers aren't accessible. Tidal, Modi, Magni, Piston 2's, Q701's, HD598's...these are the products that are going to help push the envelope for hi-fi. More potential buyers means Schiit will be willing to spend more money on R&D, knowing that they will recoup the costs. If we want electrostatic products from Schiit, we just have to give them a way to recoup their expenses. Unfortunately 99% of the current audio users aren't aware these products even exist. They walk in Best Buy and drop $300 on a set of Beats thinking they'll achieve audio nirvana. It's sad to think more R&D dollars are probably being spent on choosing out popular colors for Beats than Audeze spends on research for their entire company.
I never discussed their financials but the method. They managed to use objective science and subjective tastes to be number 1 and the reason it failed was that it was simply too cheap for the level of sophistication.
It closed with over a million reservations received every year and a limited season due to availability of ingredients. There was never a lack of customers for sure.
There,s a reason why some of the finest chefs used to go there and it had nothing to do with money but knowledge and technique. As Anthony Bourdain said:
"Pastry chefs everywhere—when they see this—will gape in fear, and awe, and wonder. I feel for them; like Eric Clapton seeing Jimi Hendrix for the first time, one imagines they will ask themselves 'What do I do now?'.
The above is to demonstrate that objective science is just as important as any subjective view. ElBullis closing had nothing to do with their method but Ferrans idealistic view.