Put $X in. Wrap it in some emotionally-driven frenzy. Get some fraction of $X out. This pattern feels closer to a Ponzi scheme than investing. That said, it's h

Put $X in. Wrap it in some emotionally-driven frenzy. Get some fraction of $X out. This pattern feels closer to a Ponzi scheme than investing. That said, it's hardly exclusive to VC. Some certainly win from such scenarios. It would be interesting to know who they are.