Snap(chat) is the new Enron

The whole startup craze has gone too far.

Many millennial who are part of this startup movement have probably never heard of Enron (or probably not much anyway).

Enron was a major energy company (a bit of an understatement) that had a spectacular crash. Just before the crash, it (allegedly) reported an annual revenue in excess of 100 billion dollars. When the fraud has come to light, the…