This idea of giving entrepreneurs second chances is idiotic. It makes no sense. They say it's because of learning/experience. That's total BS. You've learned 1

This idea of giving entrepreneurs second chances is idiotic. It makes no sense. They say it's because of learning/experience. That's total BS. You've learned 10 times as much when you've had to launch your business with 0 funding and struggled to compete against multi-million dollar VC-funded meme stocks and the corporate hivemind for 10 years. That's real learning/experience. I can tell you how the whole pyramid scheme works from beginning to end. Maybe the whole point of the 'second chances' mindset is that people who failed are more likely to become dishonest and engage in illegal activity or cover-up the second time to avoid failing again. They are more desperate the second time, but trust me, they're no wiser.