this post was submitted on 06 Nov 2025
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I disagree they are bozos. I'm actually coming around on the idea. Not the mirror thing of course, but the VC grift using a flashy idea. Millions of dollars and the only thing you make is a slideshow? Brilliant.
It’s tricky business. The idea has to be plausible enough to attract investors, but implausible enough not to get looked at too closely by clever investors. Similarly, you have to drum up enough publicity to get interest, but not enough to get scrutiny.
Get the balance wrong and you get Theranos.
Theranos made a bunch of money for its creators, they just messed up by thinking they could keep lying, when they could have just admitted failure at some point and then moved on to the next grift.
Since then crypto schemes came atone and made it way easier to swindle dumb investors. So the VC grift isn’t as attractive.