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I think its popularity derives more from the fun of seeing people humiliated and their dreams crushed, unfortunately.



Even when they do invest, it seems the valuations tend to be awfully low (and the equity stake of the investors far too high). Plus, you'd think that with TV budgets they could get participants some coaching on how to pitch.

Sorry to get carried away, I find the whole programme extremely disrespectful. :-/


I started writing a reply on here about why the stakes they take are reasonable, but it got fairly long winded so I stuck it up on my blog instead:

http://news.ycombinator.com/item?id=1811882




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