Comment by wpietri

> raising a ton of money without having a concrete and repeatable business would almost inevitably lead to poor decision making

This for me is one of those "I feel like I'm taking crazy pills" lessons. It seems so obvious to me, and I hesitate to even estimate the vast amount of cash wasted in the last decade like this. But it's a lesson that an awful lot of people seem to insist on learning for themselves. Or not!