>>12755895It exposed the absurdity of startups and any kind of decision making from venture capitalists. The only reason anyone took the company seriously was because she and her partner were already wealthy. Think of it this way, if normal people apply for a loan, they would get a normal sized approval. If rich people apply for a loan, they would get a huge approval. The only validation her idea and the company had was the funding she received only because of her already wealthy background.
It goes without saying that startups are rarely the first group that makes an idea and rarely even the best implementation of the idea. It's really just a way for loans to be passed out and banks to collect interest on them. Despite the failure of the company, they still owe millions and that's the only silver lining. Amazon and Tesla are the same way, their ideas we're kind of bad originally but because they had already rich founders, they just threw millions or billions at the company or idea until they found something profitable.
Startup culture is a joke and a lie. I would say "fake it till you make it" but these people are already rich. She faked her science background and coasted on the fact that she got into Stanford and convinced others that dropping out for this company was because she was some prodigy.
