I really don't get VCs. So many wonderful, LEGIT, LEGAL ventures that would improve life don't get funded, yet they pour (read: waste) this much money into a b

I really don't get VCs. So many wonderful, LEGIT, LEGAL ventures that would improve life don't get funded, yet they pour (read: waste) this much money into a borderline-illegal piece of junk like this that does nothing but piss off many people. Oh and this article is wrong. The guy involved in this also has a U.S. version of this under a holding company; I know this because I tried to get Lily Allen tix from a venue in NYC and even though I got there like literally 10 minutes after tickets went on sale, I was told that they all "sold out". "Impossible!" I claimed. Then I was told about this company - basically all they do is hire a bunch of low-lifes (read: college students who want quick pot-cash) to just hang around for hours before the tickets go on sale and they then just buy up all the tickets and resell them for 5-10X original cost. Seriously who sees a future in a company that gets people aggravated by design and ads zero value to the process? Are VCs that dumb, or just that desperate?