I don't disagree. I enjoy reading business history as well. But there is definitely a large number of people who either believe in or are open giving a chance t

I don't disagree. I enjoy reading business history as well. But there is definitely a large number of people who either believe in or are open giving a chance to a new "West Coast business" approach. I think "West Coast business" originally comes from a football term, but idea that a new silicon valley-style business approach has overtaken the old "M7 MBA" thinking has evidence. Like journalism is experiencing now...things may have changed. Don't most businesses fail regardless of how much money they raise? What is a true breakthrough anyway? Has it gotten harder to keep secrets from competitors in the shadows? Can you an ambitious company raise money and hire the best people still without a PR-hype-machine going full speed ahead? What does success even mean these days, are founders and VCs trying to IPO big businesses or sell expensive secondary shares and cash out a bit? I agree, most of these business will fail. While I don't participate in the hype, I can understand the thinking behind pushing for a super-funded startup strategy that attracts talent, strategic investors and that can hang with competitors since I.P./courts cannot be relied on.