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Looked another way, isn't it great that we, as a society, are allowing such experiments to be conducted. At the same time, training people to build stuff who will go on to build other great stuff even if this particular experiment fails. Sort of like cambrian explosion.

VC business is looking for the exit, so they could exit before the company charges something.

Like people, VCs are also motivated by status, recognition, and making cool things.

If they were only financially interested they would play the game with much less status bias.