@malwaretech The point of VC-backed startups is not to make good business, it's a pump-and-dump.
Ignore existing regulations and laws in the market, build a ton of hype, and sell your company to the next sucker to make a huge profit before it all implodes and they're left holding the bag.
Every once in a while, one may get lucky and create an actually sustainable business model, but that's a rarity.