Yes, now you know they are just a bunch of lucky idiots with lots of money. The business is good because when you have enough money you can afford to be stupid

Yes, now you know they are just a bunch of lucky idiots with lots of money. The business is good because when you have enough money you can afford to be stupid few times a day. You just play a game of numbers. The start-ups that get funding are not necessary the best ones but with enough funding they may become the winners. Sort of what Softbank tried with VisionFund but worse. There is a bright side on this. If you didn't get funding you don't need to feel guilty.