I think the “problem” here isn’t one big problem with a single process (VCs throwing money on bad ideas), but rather a combination of issues that together result in so much failure.<p>There’s a lot of venture money out there, and like some other comments mentioned it needs to _do_ something - and that’s good. We as founders and consumers want to see that money do something. But...<p>It needs to do something meaningful. I believe that responsibility lies in the hands of those that give it. Bad ideas are merely potential opportunities, but bad business plans, founders with short term vision, and lack of discipline make this into a real problem.<p>So many companies can prove their model without big money. Yet, because investors are hoping for a home run those founders jump right into the deep end.<p>I don’t want to say getting money needs to be harder, because ultimately that could slow down innovation. I do however believe investors need to raise the bar for founders.