> The company’s founder Sachin Dev Duggal stepped down as chief executive earlier this year but retained his board position and title of “chief wizard”. If onl

> The company’s founder Sachin Dev Duggal stepped down as chief executive earlier this year but retained his board position and title of “chief wizard”. If only there were some signal in the behaviour of a person who calls themselves “chief wizard” that might suggest they were prone to making poor quality business decisions. For real: this is not a job title that would be adopted by a “serious person” - a real expert, with real insight, and a real plan to deliver. Why have investors given his company tens of millions of dollars? I get that investors are looking for that 10x return and are ready for some failures along the way but that mindset seems to be used as cover for a lot of dumb money. Whereas the reality is that VCs and corporate backers would enjoy much better returns if they simply avoided the most obvious grifters. People who can’t answer specific questions about delivery with concrete answers - Elizabeth Holmes, the WeWork clown, this guy, and on and on - should be avoided. And especially if they have dumb job titles.