The Shit Coin Waterfall

People have gotten away with free writing right both in their diligence process people are like oh Fandriesen invested if you use the invested I'm investing. The problem is when you have a bunch of investors who are free writing off of everyone else and they just own tokens which are liquid what's the incentive to actually help people long term? "I feel bad for projects who raised money from investors they basically sold their souls to raise this money"