Probably usually novice founders who think they too can pull off the launch -> go viral -> fundraise -> scale -> monetise/exit trick that rarely works but has w

Probably usually novice founders who think they too can pull off the launch -> go viral -> fundraise -> scale -> monetise/exit trick that rarely works but has worked for some of the biggest successes (eg YouTube). I fell for it. These days, most of the companies doing well enough to offer you a job are too smart for that. But I still hear of "well credentialed" founders who succeeded that way in the 90s or 2000s, trying to do it again and failing miserably - burning 8-figure sums of money in the process because to VC's they're "proven" - eg Color.