> So he's saying people take VC money and invest it in poorly devised advertisement strategies. I'm not familiar enough with VC-backed companies but is this tha

> So he's saying people take VC money and invest it in poorly devised advertisement strategies. I'm not familiar enough with VC-backed companies but is this that common? This was very common in the last dot-com boom. That time, Yahoo was the beneficiary of the funds. People were blindly throwing money at "internet advertising", without any clue as to whether they were getting any value or not. And VC-backed companies were doing even more so (and buying shitty Superbowl ads....)