Yeah I think he might be combining/ conflating both the elitism and the bigger org issues actually. Based on “grants to legibly-credentialled people operating in high-status ways usually did better than betting on small scrappy startups” and “there were a lot of promising ACX community members with interesting ideas who were going to turn them into startups any day now, but who ended up kind of floundering”.
It makes me sad too, but I do agree on the traditionally impressive credentials front. There are definitely diamonds in the rough but they ain’t so easy to find!
Yeah I think he might be combining/ conflating both the elitism and the bigger org issues actually. Based on “grants to legibly-credentialled people operating in high-status ways usually did better than betting on small scrappy startups” and “there were a lot of promising ACX community members with interesting ideas who were going to turn them into startups any day now, but who ended up kind of floundering”.
It makes me sad too, but I do agree on the traditionally impressive credentials front. There are definitely diamonds in the rough but they ain’t so easy to find!