> A16Z is willing to give them a $4B given zero revenue, declining traction, and no clear business shows that all you need to do to gain ever-increasing valuations in the tech world is to serve up the exact kind of frou-frou, nebulous bullshit that you wrote and that VCs eat up.
This sounds like a self-correcting problem if true.
It's not self-correcting at all. VC are incentivized to keep throwing money at these dumb ideas because if even one of them takes off, there are disproportionate returns to be had come IPO time.
> VC are incentivized to keep throwing money at these dumb ideas because if even one of them takes off, there are disproportionate returns to be had come IPO time.
Rich people funding low probability but high expected value moonshots is the system working as intended.
This sounds like a self-correcting problem if true.