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Ashamed? You can be pretty sure that the founders and early investors knew exactly what would happen in the (likely) event that it would crash and burn, and the
by gramie 4y ago
Ashamed? You can be pretty sure that the founders and early investors knew exactly what would happen in the (likely) event that it would crash and burn, and they safely extracted their salaries, bonuses, etc. at the peak.
And they are very unlikely to feel even the slightest remorse, because the people who pushed these too-good-to-be-true schemes are sociopaths, if not psychopaths.
- mistrial9 4y ago> sociopaths, if not psychopaths they are bred and selected by game rules a.k.a. "rational" actors.. look at Martin Shkreli, still listed as "American Executive" and right back in the pharm trading..
- aarontait 4y agoYou're right. Y Combinator doesn't deserve a shred of the respect they garner. I don't know why I thought I could trust one of their portfolio companies. I assumed they did due diligence and had customers/users in mind when selecting companies to invest in.