And don't worry, his investors knew that he had no idea what he was doing when they wired him the money. If they didn't, it's their own fault. At least he knows what he doesn't know, which is more than I can say for most people.
TBH, you sound like my 75 yr old father that ran a $2B business for the last 23 years, and I guess I hope that attitude goes away with our elders.
Its a slow transition but its becoming acceptable for business to not operate as if they were big brother, and not all communication needs to be double speak, sure the CEO of goldman & sachs isnt going to get away with a blog post like this, but a young bookmarking startup, the only negative reactions are from people saying "this isnt the done way", with actual reason for it being negative.
Yeah, some, perhaps even many, risks get you sunk. On the other side of the coin, nothing we discuss here would exist if people didn't take risks with their businesses.
The world would be so different if no-one took risks. I daresay we wouldn't be making tools, have a knowledge of agriculture, or even have spread out of Africa.