When did this community get so thoughtlessly cruel? What value does sadism have for you for them or even for the market? Shame on you.
Money wasn't exactly lost, it wasn't dumped in a garbaged bin and literally set on fire, people were compensated for their work, that money was used to buy goods and services so the money was merely recicled back into the general economy, the investors more than likely can tolerate the risk they took and can take the hit while others won ( the people hired by OP )
Do you dedicate your life to being ultra efficient to make huge sums of money in order to save those countless lives that OP failed to save? If not then you're a hypocrite. How many lives are being lost by us wasting time commenting in this thread? 1 hour of wasted time by us could've been worth atleast 50$ which could've spared someone more than a week of suffering from starving, are you willing to take responsability for that?
Your consequentialist view is valid but you can not demonstrate without a shadow of a doubt that it's the best and most useful perspective. If you think your way of thinking is so much more superior then start your own startup, be successful, donate to charity and then write a blog post proving us all wrong.
The reason I'm investing time into this discussion is because I believe your way of thinking is toxic and very dangerous because you actually believe you're more virtuous for the beliefs that you hold. The most atrocious events in history have been done in the name of good, please remember that or you risk increasing mind share in toxic and evil ideologies.
nearly every startup which has succeeded MUST sound like an utter crap invented by a wannabe, scamster, or lunatic.
Take Google for example: who the fuck needs YET another search engine, even as there are about 50 other ones and none of them makes any money (Yahoo does make money, but search contributes just 7% of its traffic, it is irrelevant)?
Take Apple: ok so you are gonna make a computer an ordinary person could buy. What for? Why do you even need a computer at home, unless you are a computer fan? Remember the Internet has 20 years to become available to non-military outside largest universities, there are even no BBSes, and totally no usable software which would make any sense for an average person.
Facebook? A social app for college students - a very narrow group of people, who have no money to monetize it upon?
If i was an average person trying to tell if any of the multibillion startup success stories were 'useless' or not, i'd say almost every one of them to GTFO.
My vision of what constitutes a good case of a project to fund is exactly that: great people (simply by their coding skills - people with great github accounts) who pitch a visibly BS idea. Because they must be onto something.
That's like saying trillions of people died to iron smelting, not to gun shots.
The idea of communism is "from each according to their ability, to each according to their need" - communities of people working together for the good of the community as a whole.
The idea lies behind things like hackerspaces, a lot of FOSS, cooperatives, and such.
The idea was never tested on a wider scale; dictators and human greed stopped it.
That might mean that communism is impractical on a large scale because people can't be trusted not to ruin it with greed. But your claim that the idea killed millions seems patently false.
Heck, I raised some of my seed capital from a venture fund that is mostly backed by an international charity, and apparently that charity thinks that a little bit of venture capitalism is a good use of their money. I actually get an annual letter from their LPs about the charitable work we are supporting, and share it with my employees.
Not everything people try works out, and the world appears to overall be a better place for the trying.
My last idea tanked, ate all my savings and now I'm back at a job for the next 2 years or so.
Then off we go again.
OP used their pitch presentation skills to divert opportunities away from other actual hard working people who might have used the money to do something useful for society.
Even if you had a great idea there's countless ways to lose 100k. If you don't hire the right people you just lost money; if you're a toxic manager or just don't know how to assign tasks to people the whole startup will burn for it.
If you hire 3 people with a 5k per month salary you burn 45k in 3 months, idk where you're from but 100k isn't a lot of money for a startup in the US.
All I'm saying is that this is really bad and OP should accept that they will have to suffer through the consequences.
Try something new. Try having as much compassion for those that try and fail as you apparently do admiration for those that try and succeed. The difference between these two groups is far less than you think. Your current voice antagonizes both groups, that relatively tiny group, the ones that tried at all.
It also doesn't provide any useful predictive results, noe is it a complete and sustainable philosophical system. If you think sitting on the sidelines and taking pot-shots at people who try and fail is good because the successful ideas were 'obvious', you underestimate the degree to which luck and timing influences success - the saying is 'hindsight is 20/20' - it's very easy to see something fail and say, "well obviously!". It's the same trap for cynics - if you take the easy path to being 'right' because 'everyone knows', it becomes a lazy and self defeating intellectual exercise.
It isn't superior, it's a shell covering an inferiority complex whereby you 'win' by not playing. It's harmful to yourself and others. I suggest some exercise, a yoga class, maybe make a few friends irl. I'll be your friend if you need one. People aren't that bad; but we're all close to sanity's edge, and we all actually need each other.
Please reconsider, friend.
What does that even mean? If you buy a lottery ticket and you win then it was a good idea, if you lose it was a bad idea? That is absurd, sometimes an idea pans out, sometimes it doesn't. There's no way to tell beforehand.
You're also making it sound like investors losing 200K on a failed startup is some kind of crime against humanity. It's not, it's the risk that investors take.
And no, you can't tell beforehand which one will be the wild success.