More like learn to be a wealthy, elite, and well-connected. These founders are as privileged as Bill Gates but totally lacking his work ethic and sincere passi

More like learn to be a wealthy, elite, and well-connected. These founders are as privileged as Bill Gates but totally lacking his work ethic and sincere passion. They're pedigreed out the ass, so those involved (including themselves) think they're actually good. In fact they just seem like they should be. So the VCs keep pumping more and more money into them, knowing that at least people won't blame them so much when they fail, given how elite the founders are. It's easier to keep funding them than to admit you were fooled. That's the mystery behind why they burn through such huge quantities of money.