As someone with one of those two on his resume, I'd say you are not wrong.

That said, it's a bit more nuanced. It still looks good if you can share experiences that prove why it's good.

Ex. "I learned what it's like to be closer to the cutting edge in some respects, but I also learned how that should be secondary to delivering a good product and good customer service due to issues X, Y, Z observed. Also, using technology A is great, but it might not be worth your investment at current stage."

This kind of statement illustrates that you learned multiple things of value, and hopefully avoided bad habits and are pragmatic and worth having. It's possible they can leverage your experience to avoid making mistakes in the next growth stage.

So, yes, it doesn't always look good immediately. It's up to you to prove to a questioner why it was good and hopefully they also agree.