Summed up here in the integrity rant by Bryan Cantrill - many companies don't have it (or care): https://news.ycombinator.com/item?id=15268045 (https://www.youtube.com/watch?v=bNfAAQUQ_54#t=042m39s)

>In the short run, they win.

In the current world of high (fake?) valuations, make money fast and now - this strategy wins so it is considered "OK", overlooked or the norm. The fact that it is revealed to be happening in SV is only IMO b/c the industry is so hot now. All eyes on on it. Its also the only real investment/booming industry left in America. I'm sure we saw a lot of this in the past too (80s wall street etc) :(