I can't tell how serious you are, but if you're going to call a friend stupid just because he falls for online "scams" from time to time I don't think I would want to be friends with you.
That's pretty damn quick to judge. You have more experience with tech -- get over yourself. I'm sure they know things that you don't.
I think there tends to be a problem with a many who label themselves as "entrepreneurial" to distinguish themselves from every body else. Some go a step further and say that only what they do entails unparalleled stress and pressure. As if they need to announce to the world that they're that bit bolder and harder working than everyone else.