To be honest, I have never been a supporter of such projects. But, we must admit that such a project is most likely doomed to success, since young people in most cases - not puritans, and investors - on the drum morale, if only to drip profits.
I agree with you that the young teams are more promising, but in this case there are many facts that say that this company is not reliable and there were facts of fraud. By investing my money I want to be sure where they will go. In this case, I unfortunately can not be sure of the reliability of this company.