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by evanwarfel
3972 days ago
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+1 The state of Academia in the softer sciences is now a negative feedback loop -- as the system gets worse, the only people who are attracted to the system are those incapable of making it better. The people who have the capability for self-actualized, mission/vision oriented true leadership are the ones that will be attracted to startups over the current circus. All the more stagnation and incrementalism for the rest of us to innovate around and profit from. |
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Academia's one imploded guild system, but venture capital is just as bad. The transition from a "what you know" to a "who you blow" culture happened a long time ago, and I don't think there's any turning back for the Valley. It's one of the most corrupt economic ecosystems known to humankind. VCs collude and arrange outcomes based on prior socioeconomic value to them rather than allowing the market to determine the actual merit of a company or product, and most of what Silicon Valley-style venture capital is, is taking behaviors (insider trading, market manipulation, anti-competitive collusion) that are illegal on public markets and applying them to unregulated private equities.
The trillion-dollar question is whether it's possible for something else (possibly outside of the U.S.) to emerge that outperforms the Silicon Valley nonsense. Academia itself is done, as far as I can tell. It selects for a naive lack of humility (as does the Valley, where people honestly believe that their engineer positions on 0.02% will lead to investor contact and founder status in their next gig... and, of course, that never happens for socioeconomic reasons) because anyone who is capable of getting a realistic picture of his or her probable future in that game is going to exit.