How could I say you are wrong? You are of course right, but the problem is that you just don't always know for sure whether it is a good one or a bad one. Let's be honest though, that is the same in the stock market. Only a few got rich with Amazon, most of us didn't because we simply couldn't believe the book seller Bezos had in mind. So you either have some trouble with the team sometimes, or with the concept. If it's both I would skip immediately, if it is only one there is doubt coming up inside me but I still tend to give a project a chance from time to time.
LOL.. I would agree. I was in my early teens when Amazon went ahead with the IPO (1997). There were dozens of similar IPOs happening every month with NASDAQ, and no one paid any special attention to Amazon. And it should also be remembered that the vast majority of the IPOs returned a loss to the investor in the long term (i.e after the dot com bubble burst). So it was like a lottery. Similar to users investing in new cryptocurrency projects now. If you invest in 20-25 different project, one of them may provide you with 100x returns.