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The entire ecosystem emphasizes this. People put it on Twitter, AngelList, LinkedIn, etc. ex-FAANG is the VC equivalent of "nobody got fired for buying IBM". I
by eldavido 8y ago
The entire ecosystem emphasizes this. People put it on Twitter, AngelList, LinkedIn, etc.
ex-FAANG is the VC equivalent of "nobody got fired for buying IBM". It's what happens when nobody has any idea how to assess anything: they use brand as a proxy for quality. This happens in every market from consumer packaged goods (is one soap better than another?), university education, pretty much anywhere there's no accepted criteria for comparing two things.