Are they though? It's hard to believe that after Theranos, Nikola, Solar roadways, crypto scams, WeWork, Juicero, etc.
I do believe that investors are pro bullshit detectors. You mentioned some great misses but even Steph Curry misses open threes every once in a while and he's a professional 3-point shooter.
I agree that some of these folks half-addled. The Theranos gang of Schultz, Mattis, Kissinger should be no more listened to than the drunk at the end of the bar. Late-stage capitalism gives you creatures like David Boies.
To be fair a real scam has serious panache. I'd have to put the Pixelon corporate party at the very top of the list.
That's surprising. I would have suspected that more than 75% pay for their travel on a credit card. They decide to travel first, then pay for whatever piles up later. Or maybe they just let the balance accrue.
How did you conduct a "statistically significant survey" on this for the US? Maybe there's a startup idea there.
Of particular note - if you're solving a consumer or business problem that isn't of itself 'technology' - then almost assuredly your 'implementation' is next to worthless until it's mature.
The entire problem lies in the overall user experience, and the customer development channels.
Technical ability is a nice asset, but in most situations it's just labour, like the ability to use a hammer and saw effectively - it's kind of a commodity.
#1 is good as well, thanks to the author, these are important lessons.
That's some really good advice that I should take myself
