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I agree with bfv's comment from a engineering perspective, but PG's also made the comment that the reason the tech world's insanity works is because of the economics of it right now. The startups that go on to succeed tend to generate > 100x return on investment. So at the moment, it pays to keep churning out lots of companies with little attention to software quality or security.

As long as 1/30 of them succeed, they can brush the failures under the rug.