>I find this lack of diligence infuriating. These intellectuals — much smarter than me — imagine block chain technology for cryptocurrencies and how to cure diseases, but don’t put in the effort to comprehend ownership percentages or what a ratchet means in a down round. Why?

Nice victim-blaming here. Why don't people spend tons of effort on a lot more things? They haven't got the time and don't want the stress. Don't blame them for being trusting, loving souls. Blame the company for screwing them over with over-complicated rewards schemes designed to screw them from the start.