• Philosoraptor [he/him, comrade/them]@hexbear.net
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    2 days ago

    “Every great venture capitalist in the last 70 years has missed most of the great companies of his generation… if it was a science, you could eventually dial it in and have somebody who gets 8 out of 10 [right],” the investor reasoned. “There’s an intangibility to it, there’s a taste aspect, the human relationship aspect, the psychology — by the way a lot of it is psychological analysis,” he added.

    Venture capitalism: famously the only human activity in history that involves human relationships, psychology, or aesthetic taste.

    wall

    • Cimbazarov [none/use name]@hexbear.net
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      2 days ago

      Is he saying all there is to VC’ing is picking the right startup to back? What the fuck is “work” then. Vibe checking the startup founder? He’s right then, it’s not going to be replaced with AI because its a useless fucking job. God, these people belong in the gulag

      • Philosoraptor [he/him, comrade/them]@hexbear.net
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        2 days ago

        I’d bet real money that if you gave ChatGPT $5 billion and had it “”“invest”“” it would do as well or better than most of these idiots. Poster children for “born on third base and think they hit a triple.”