Things like "impact" and "reach" are orthogonal to whether or not something of value was contributed. Let's face it, it was a boiler room with immense reach. Technically I suppose you can call that an "accomplishment", but I wouldn't call it an admirable one.
I'm not saying he's a bad guy (I know nothing about him), but I think that their founders should be doing less boasting and more apologizing. I don't know that the problems they caused were intentional, but I have to think that they must have taken some notice when it was apparent that they were pushing their staff to sell unsustainable products. Sometimes it's hard to notice these things when you're pocketing hundreds of millions of dollars by cashing out early though.
Whether you want to talk about damage to local businesses or another company that VCs poured millions into with no return, its pretty hard to argue that this company did much good. You getting good deals and ignoring what was necessary to get them isn't really the metric by which we decide if a business is doing good or not. If you're comparing it to the Yellow Pages than that says it all really.
Nobody was forced to buy those mortgages either, right?
Personally, I couldn't find much positive to say about them when they started laying people off back in November[1] and I don't see much positive now.
You're right, I can't claim to have created anything with "near as much reach as LS" or as the same "massive consumer impact".
However, I can't see what reach or impact LS had that fellow failing business Groupon didn't.
As I said back in November, it sure looks like they just copied a momentarily hot, yet broken business model, snagged a bunch of fancy office space and sought tax breaks [2] while posting huge loses.
1: https://news.ycombinator.com/item?id=4845253
2: http://www.bizjournals.com/washington/news/2012/07/10/living...
Not entire: half. And not dumber: negative.
But I rest my case.
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That's certainly implying that the negative posts are both un-constructive and omitting important & obvious context. That sounds a lot like "dumber" to me.