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by yawnxyz
1245 days ago
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This is an interesting article that puts words into what I've been feeling and observing for a long time — at first the transition into Academia from tech felt this way (e.g. wow everyone's programmed to follow the PhD track!) to moving to Australia (wow everyone's so rule abiding and pattern matching; anyone who's attempting to "lead" gets cut down; there's even a term here for it called "tall poppy syndrome) But lately with all the layoffs it's kind of put a spotlight on tech startups and VCs. These are the smartest group of people who are supposed to escape mimetic behavior... but how do you explain all the VCs investing in me-too scooter companies or BNPL companies or yet-another-meal/grocery-delivery-service, who are now all absolutely wrecked by higher interest rates because these can only really thrive (or even survive) in low to no-interest rate environments? Why would these ever be $1B+ companies in the first place?? Sorry for the rant, it's just that the more you look, the more even the "smartest people in the room" are just performing rituals and it's disheartening and depressing. |
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Well. That is your problem. You bought the marketing. There is no reason to think that VCs and startups are the “smartest group of people”.