‘It’s An Embarrassment’: The Downfall Of A $2 Billion SoftBank-Backed Smart Window Company

Barns@lemmy.world to Technology@lemmy.world – 41 points –
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A tech company raising 2B on vaporware, that never happens (wikipedia.org/wiki/Theranos). It amazes me these venture capitalists are willing to throw money around the way they do, it's like they froth at the mouth over any promise of the next great gadget. These guys are really easy to sucker, but it's like a Ponzi scheme. The house of cards will fall and they'll call fraud at some point.