Yeah sorry, I was saying "frauds" for "bullshit", I guess? Lacking some vocabulary to express this in a nuanced way.

To be fair, many times founders are extremely convinced about their idea, they don't necessarily consciously sell bullshit to the VCs.

It just feels like what matters is to be very good at convincing VCs, not at building something real. When you're so good at getting money, of course eventually something will work (because you will be able to hire competent people to do the job). And then you will be called a "visionary", and people will say "we need HIM as a CEO because nobody else would be able to hire tons of competent people to build stuff with billions of dollars" :-).