It's what happens when people are too removed from market forces. The VC is not attempting to invest in a business that will make lots of money. They're investi

It's what happens when people are too removed from market forces. The VC is not attempting to invest in a business that will make lots of money. They're investing in a business which they can _sell_ for lots of money. The market doesn't get a look in until the last greater fool buys it and is holding it when the music stops. Everyone else has been handsomely rewarded for their tomfoolery so when the music starts playing again they'll dance.