Typical of a lot of VCs they have absolutely 0 idea how to judge a business plan. So they just gamble on people and companies that look interesting to them. Thi

Typical of a lot of VCs they have absolutely 0 idea how to judge a business plan. So they just gamble on people and companies that look interesting to them. This is one of the least efficient if you look at one company, but it injects so much money around that it helps people bootstrap their own ventures with the money that leaked. So indirectly it may be a not too bad model that requires pure incompetence. (last sentence is almost /s)