<i>&quot;There are thousands of dumb startups&quot;</i><p>This is a feature not a bug. The whole VC model the Bay Area thrives on is based on the premise of hitting on only a small percentage of successful startups and you never know what&#x27;s going to be a hit.  Many successful startups have pivoted out of &quot;stupid&quot; ideas.  I&#x27;m sure at one point &quot;Blogging 140 characters at a time&quot; was considered a stupid idea.