[yborg]

It's always been fashionable for VCs to give large amounts of other people's money to these 'bropreneurs' because they think that some of the hip may rub off on them, or perhaps that a cool image is a sufficient business plan. The one startup every 6-7 years where someone parlays being a massive tool into a huge valuation (Uber the most recent poster child) is enough to keep this model going in perpetuity.