In all seriousness though, who is making a role model of young college kids duping old investors into giving them millions?

I'm not aware of that actually existing outside of an extraordinarily tiny enclave. The rest of America does not make such vaporware failures into any kind of role models.

Quite the opposite probably, I see far more mockery than anything. Such failed start-ups are constantly made fun of in the business press. For years now, essentially every major business publication has been waiting with bated breath for the latest bubble crash so they could mock what ultimately became the unicorn bubble.

Zenefits for example has been getting lambasted, and they're not even vaporware, they actually have a real business of some caliber in a serious business category. Color was vaporware, and it was endlessly, and universally mocked. I can't think of good examples of college kids becoming role models for pushing vaporware.