[maeln]

Well now, you just described a lot of SF startup.

[mjburgess]

This is a symptom of hype-based valuations.

The pipeline into our collective understanding of tech is now:

scifi hype pitch -> VC flood of investment -> press releases across world -> governments worry -> disappointing IPO -> malpractice -> one or more execs arrested/sacked -> media elite across world convinced new invention will destroy the world

uber creates a taxi service, amazon an online mall, openai a ghost writer -- and we're all subject to an industry of VC hype men desperately trying to get those multiples above 20x by assaulting the popular consciousness with delusional BS

[vkou]

Most of them only have 'wild and inexplicable success' on some internal metric, they generally don't claim to have magically found a way to make billions of dollars on 'arbing btc in Tokyo'.

[danielfoster]

I thought about this as I wrote my comment! Of course a red flag is not always a reliable indicator of fraud.

[wussboy]

Give it time.

[otabdeveloper4]

Apple isn't really a startup now.