3 ms·
I think the author of this needs to reframe this, since the article is vapid. The question itself is leading without an answer. The more interesting question i
by duped 4y ago
I think the author of this needs to reframe this, since the article is vapid. The question itself is leading without an answer.
The more interesting question is, "did Silicon Valley investors make a mistake?" The answer in my mind is "no." The tech world is set up to where we tolerate (if not encourage) failure and investors bake in the assumption that most of their bets will be lost.
It's only the fact that these examples of failures come along with ethical and moral (particularly criminal) failures that tech journalists shed light on that. As long as the consequences for funding con artists are equivalent to the consequences of funding bad business ideas, there's no mistake to be made here. In Silicon Valley there's a fine line between the investor being a victim or accomplice.