4 ms·
Search funds, like what the Valley's VC ecosystem has become, are just another disgusting way for rich turds to help their undeserving, underqualified progeny j
by michaelochurch 12y ago
Search funds, like what the Valley's VC ecosystem has become, are just another disgusting way for rich turds to help their undeserving, underqualified progeny jump the corporate queue and look like they earned it.
If someone says he has a search fund, he's basically saying that he's rich and otherwise nonviable, so his Daddy got his friends to invest in his job search (and buy the company, so he becomes CEO). He's admitting that he wouldn't be able to make it in the world except for his father pulling a bunch of connections.
It exists because intelligence is probably 75% maternal and that fact pwns the shit out of alpha-male businessmen who impregnate trophy wives 30 years their junior who they married based on one criterion that isn't intelligence. They have stupid kids that they need to sell off on the world somehow, and search funds are great way to do it. However, if you look at some of the people getting funded, Valley venture capital seems to have eclipsed that avenue, because the sociopaths running the Valley have figured out that nerds want to put their heads down and will follow pretty much anyone who's raised VC.
- falsestprophet 12y agoWhat empirical evidence is there that intelligence is "75% maternal"?
- michaelochurch 12y agoThe number is just a stabbing guess (and I meant, "75% of the component that is genetic") but there are a lot of results showing the maternal influence on intelligence. The point (which is that a lot of powerful, rich men end up with kids stupider than they predicted, and have to buy jobs for them) would be the same if I said "60%" or "80%". Here's one of the seminal papers on the topic, from 1996: http://jpepsy.oxfordjournals.org/content/23/3/197.full.pdf http://jpepsy.oxfordjournals.org/content/23/3/197.full.pdf What's unclear is whether it's genetic or related to other confounding factors (e.g. maternal health). We really don't even have a good grasp of what intelligence is or why these differences between individuals exist.
- falsestprophet 12y agoYeah that is correct. Maternal is very different from genetic of course. I was surprised that you of all people would have missed the mark on the heritability of intelligence.
- pjc50 12y agoThe last paragraph of this comment rather ruins it; there's no overwhelming evidence that intelligence is more "nature" than "nurture". The phenomenon is more likely to be reversion to the mean. Having said that, buying your way into a job is a ridiculous situation that I thought we'd got rid of long ago along with buying commissions in the army.
- falsestprophet 12y agoEvidence shows general intelligence in adults is .85 [1] (out of 1) [2] heritable. So, yeah it is predominately genetic. Regression to the mean is a genetic phenomenon. [1] http://cdp.sagepub.com/content/13/4/148 [2] http://en.wikipedia.org/wiki/Heritability [3] http://en.wikipedia.org/wiki/Regression_toward_the_mean