Even rich people do stupid things

I happened upon this article today, and since I sometimes throw out bad investment advice, why stop now?

The "20 Worst Venture Capital Investments of All Time" are covered, and there are some catastrophically bad ideas that people smarter than I threw millions of dollars at. I did a quick sampling, and some of these websites don't even exist anymore. Makes me think that Elroy really should start http://www.iamatwitterexpertandiwillhelpyouwithallyourtwitterneeds.com. I'm sure he could get some sucker to fork over $20 million for that...