4 ms·

ok take a chill pill here guys: - garry wasn't YC president at the time - garry WAS selling out with clickbait headlines for the youtube algo - VCs DO put th

by swyx 3y ago

ok take a chill pill here guys: - garry wasn't YC president at the time - garry WAS selling out with clickbait headlines for the youtube algo - VCs DO put their money where their mouth is but, especially if you're already generationally rich, it is your beliefs that lead your money, not the other way around. i say this as someone who is very much NOT a fan of garry and was disappointed in his appointment back at YC vs other candidates for the job (cant say more). but being so extremely cynical of all content creation and public statements is 1) not healthy for your worldview, basically second cousin to tinfoil millinery and 2) simply not reflective of what most of us genuinely believe we are doing when we do it. have skin in the game (fully disclosed) > having no skin in the game.

talldayo 3y ago
> but being so extremely cynical of all content creation and public statements is 1) not healthy for your worldview, basically second cousin to tinfoil millinery and 2) simply not reflective of what most of us genuinely believe we are doing when we do it Oh, for sure. Some people are genuine, they're just statistically less-likely to be the rich people and even less-likely to be the ones making effective investments. Fully disclosed, my experience in the VC world has taught me that most of these investors are categorical losers that can be understood simply by asking "cui bono?" If a VC says something of particular value, you'll realize it by the inherent value of the statement. If a VC tells you to invest in a cryptocurrency, they are perversely twisting your motivations expressly for their own petty gain. Unless the situation otherwise indicates it (eg. they are fiscally invested in your success), the advice of a venture capitalist is better off used as leverage against their ego. > VCs DO put their money where their mouth is And when there's no money involved, I outright anticipate them to act for personal gain. Anyone who's been around the culture knows the difference between friendly banter and ghoulish "networking". There is no more salacious creature than a VC in the vicinity of a well-meaning person with credentials.

by swyx 3y ago

talldayo 3y ago

> but being so extremely cynical of all content creation and public statements is 1) not healthy for your worldview, basically second cousin to tinfoil millinery and 2) simply not reflective of what most of us genuinely believe we are doing when we do it Oh, for sure. Some people are genuine, they're just statistically less-likely to be the rich people and even less-likely to be the ones making effective investments. Fully disclosed, my experience in the VC world has taught me that most of these investors are categorical losers that can be understood simply by asking "cui bono?" If a VC says something of particular value, you'll realize it by the inherent value of the statement. If a VC tells you to invest in a cryptocurrency, they are perversely twisting your motivations expressly for their own petty gain. Unless the situation otherwise indicates it (eg. they are fiscally invested in your success), the advice of a venture capitalist is better off used as leverage against their ego. > VCs DO put their money where their mouth is And when there's no money involved, I outright anticipate them to act for personal gain. Anyone who's been around the culture knows the difference between friendly banter and ghoulish "networking". There is no more salacious creature than a VC in the vicinity of a well-meaning person with credentials.