[wpietri]

In retrospect, it's always easy to construct reasons why person X has only themselves to blame. Blame isn't really a useful construct for systemic improvement, because it always lets us say, "Oh, well this won't happen to me." The vast majority of Silicon Valley's failures were made by very smart people while being guided by very smart and experienced investors.

"How could somebody be that dumb" is Silicon Valley's equivalent of "pilot error", a response that explains nothing because it can explain anything.