This is actually my preferred work environment. Fuck profits, I've got a rather short life to lead, and I'd like to get a little enjoyment and intellectual satisfaction for all my efforts.
Has the development of anything really lasting been rushed? "Hey, Stradivarius! Stop dicking around and glue that shit together, we'll deal with it after the sale if the customer complains!"
The most beautiful things are iterated on endlessly. The first attempt is always crap.
For litmus tests, the MVP approach of make it, launch it, fix it is perfectly justified. Once you have zeroed in on something interesting with proof it is both technically and economically feasible, you can worry about perfection. In a sense, it's the business equivalent of measure once, cut twice.
When I was gainfully employed by a large telecom, very little of what I did found its way anywhere near the market.
Most go to the grave with their masterpiece unstarted, much less signed. Free your mind.