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As someone who's not entirely convinced VC funding start-ups isn't the best model for how society can allocate resources, I'm always impressed with how pg think
by noobermin 7y ago
As someone who's not entirely convinced VC funding start-ups isn't the best model for how society can allocate resources, I'm always impressed with how pg thinks, but I find he misses the boundaries of the world he lives in. He's right about artificial tests, but he fails when he says the current situation really allows "people doing good things" to get ahead. I mean, just look WeWork. It's hard to claim WeWork won at an artificial test, unless you count convincing others with your confidence as your test. I'm not sure that's what he thinks it is though.
You can claim non-artificial tests are "better," but humans (VC's) still hold the purse-strings so to speak. If you can convince them you're winning the non-artificial tests say of the market, then you can get money and do coke and party for a while, whilst sure your company will crash and burn but you escape unscathed with millions of sweet free money. My point is the problem is deeper than just "artificial" vs. "non-artificial", although it is an important aspect.