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by happytiger
916 days ago
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You clearly haven’t raised money from investors with that question. /j Investors are sheep and follow their peers. There are only a handful of mavericks in investment circles, and they generate the best and the worst returns. Consider that they all invested without seeing the engine or looking under the hood of the demo vehicle. It’s in the investor lawsuit — they even poke fun at themselves about it. |
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The same thing happened with crypto, machine learning, web 2.0, etc. Investors love a good buzzword and will reward a company handsomely for using them.
Hell, that's like 90% of the reason FTX became as big as it was.