Bullshitting and fleecing investors is a skill that needs to be nurtured and perfected over the years.
I wonder how long this can go on.
Who is the dumb money here? Are VCs fleecing "stupid" pension funds until they go under?
Or is it symptom of a larger grifting economy in the US where even the president sells vaporware, and people are just emulating him trying to get a piece of the cake?