>that would be better spent elsewhere If we want to be cold about it, taking advantage of dumb money is how you re-allocate that capital to smarter people. It'

>that would be better spent elsewhere If we want to be cold about it, taking advantage of dumb money is how you re-allocate that capital to smarter people. It's low effort and an efficient want to get your own capital so you can make your own decisions and take your own risks. The alternative is proving who is smart and will be a good use of time, money, people, and materials and simply giving them the capital in the first place. (P.S. I'd happily take millions to launch an idea I've been working on. My thing is clearly more useful than a wifi juicer)