Every time in the past week or so that I’ve seen someone talk about a bad venture, they’ve given the same example. That suggests that there is indeed a shortage of bad ventures—or at least, ventures bad enough to get widespread attention for how bad they are. (Most ventures are “bad” in a trivial sense because most of them fail, but many failed ideas looked like good ideas ex ante.)
Every time in the past week or so that I’ve seen someone talk about a bad venture, they’ve given the same example. That suggests that there is indeed a shortage of bad ventures—or at least, ventures bad enough to get widespread attention for how bad they are. (Most ventures are “bad” in a trivial sense because most of them fail, but many failed ideas looked like good ideas ex ante.)
Or that there’s one recent venture that’s so laughably bad that everyone is talking about it right now...