I was getting confused as VR said they'd got "seven-figure funding" in mid-January. Then in February Bazgrim interviewed the CEO for YouTube during which he says that the game's development is "throttled by available resources". I think they are paying themselves quite well (Management) and that it's just one of those, let's just pay ourselves very nice wages and benefits while the grift lasts type of things. VR aren't even planning on releasing the game it seems, they just want to build a demo and get publisher backing to fund the rest of the development.
Here's a link to the video in question timestamped to the quote: