So what was the money wasted on (if you detect sarcasm, please let me know...)? * $10 million for shared wallets Hm, why would you want to share a wallet if t

So what was the money wasted on (if you detect sarcasm, please let me know...)? * $10 million for shared wallets Hm, why would you want to share a wallet if there are (at least in some countries) apps available that enable the quick and free transfer of money (like Vipps in Norway or Swish in Sweden)? * $1 billion for a digital freight broker Wait, was all this done with pencil and paper so far? Logistics is one of the most digitized applications already, so one would need a radical new approach to make inroads here. Seems that this startup didn't have the ideas... * $20 million for a LGBTQ+ banking platform Supporting LGBTQ+ is certainly great, especially in the current political climate, but why does a person's sexual orientation or gender identity matter for banking? * $80 million for pet care telehealth This will certainly work as soon as my dog is able to tell me where it hurts... * $200 million for an event organizing social app People are doing this using regular social networks right now, why would you use yet another, separate social app for this use case? * $400 million for an unspecified "once-promising cybersecurity startup" Founded by former NSA director Keith Alexander but insufficiently nasty for the NSA, I assume? * $17 million for a concert livestreaming platform Competing with the large established video platforms on the Internet is certainly a great idea... * $597 million for a real estate developer turned tech-enabled prefab homebuilder Lowering the cost of constructing housing is a good idea, but the current situation (at least what I observe here in Germany) is that there are no affordable plots, too much bureaucracy, and a significant lack of qualified craftsmen. Prefab houses themselves are a pretty old idea, so it's not clear what benefits "digital" may offer here (the article is extremely low on details...). * $121 million for an Indian fintech underwriting small ticket loans to first-time internet customers Small loans for people who want to open a shop, restaurant, etc., sounds like a good idea - especially in developing countries. However, it didn't really work out the last time it was tried around 2010: https://www.bbc.com/news/world-south-asia-12035909 https://www.bbc.com/news/world-south-asia-12035909 and, amazingly, CloudNordic, founded in 2007(!), in included in the list. They succumbed to a ransomware attack, but where's the relation to startups?