I'm saying that he was already neck deep in bad investments, which he happily funded. That's the main point I'm talking about. I'm not saying my idea deserved investment, just that this whole industry has been full of bullshit for years.

Maybe you think the investments he made are bad, but obviously he doesn't think so. However, you think your company is good enough to pitch to him to get investment, and he doesn't think so. There's nothing wrong with either side, it's just a difference of opinion. That doesn't necessarily make the "entire industry [...] full of bullshit."

But, it is full of bullshit. Just because it happens to align with my ego doesn't mean I'm wrong to say it. I would say the same thing even if I did get funded.

Again, that is your specific opinion that is not shared by everyone.

> Again, that is your specific opinion that is not shared by everyone.

Well, the market agreed with you up until few months ago, now it really does seem like we had quite a few bullshit companies. Not all of them of course, but lots.

indeed the emperor loves his new clothes

He wouldn't consider them bad investments though.

Often the company is the product. The customer is big tech companies acquiring small startup companies. The company itself in that scenario might just be some smart people working on an idea but no idea how it will make money.