Every investment vehicle is overvalued which led to a glut in, amongst other things, venture capital. With more capital available than needed for viable busine

Every investment vehicle is overvalued which led to a glut in, amongst other things, venture capital. With more capital available than needed for viable business models, a lot of founders created innovative new ways to spend venture capital and soak up the available cash. What's funny is that a founder of an unprofitable VC backed startup generally still makes substantially more money than most people. What does it matter if they're spending a ton? The people who ran Groupon into the ground walked away and got other jobs, it wasn't their money...