Agreed. Most tech investors are not savvy enough to make informed decisions when it comes to high-tech ventures. A lot of investors rely on other investors' opinions as a barometer for quality/value because they don't understand what they're doing.

When you have too many empty suits at the top making all the decisions, then you get into a situation of the blind leading the blind. It is shocking that it can happen at such a scale.

It's frustrating for intelligent, motivated founders who do the hard work to watch vaporware competitors getting billion dollar valuations and taking all the market share right in front of them.

Too many investors don't have a clue about what real innovation/value looks like because they've never actually seen it - Most of them probably got into their position through a combination of hard hustling and luck instead of through hard work and critical thinking.

Unfortunately, hustling doesn't advance science or human knowledge.