[throwaway2048]

Magical thinking is a very effective VC cash magnet, especially when you have entered the "fear of missing out" stage.

Uber is a company that has a 60 Billion dollar valuation contingent on the idea that it will somehow both develop driverless cars, and maintain a monopoly on them (dispite having zero expertise in this area whatsoever, and competing against entire industries that do) before they run out of money losing 2 Billion+ a year.

Theranos had promises of technology that was not physically possible, and they knew it. Yet the billions still poured in.

Magical thinking is powerful.

[notahacker]

I guess the more realistic exit strategy in the next ten years (strategic acquisition by Airbus or Boeing to work on their own projects with much longer time horizons) is less attractive for PR purposes...