Comment by BobbyTables2

Have you noticed how many startups get butt-loads of VC money based on a blatantly obvious faulty premise and never succeed?

A solid, responsibly managed company, has no place in the minds of investors.

To me, the problem is that it is almost more lucrative to NOT succeed, unless one can achieve Nvidia-level of success. It is easier to promise the impossible. I profit today but if we scale the unproven business plan 1000X, the profits will be earth shattering!

How the hell do stupid upstart app-based shady loan companies have tens of thousands of employees including thousands of engineers?