💡 Incentives rule the world — and the funniest thing is that incentives are not intrinsic but extrinsic properties. People tend not to want something because they have an internal urge — but because someone else among their friends wants it. This effect results from the Mimetic Theory manifesting itself.
Look no further than incentives whenever you need someone to do something or want to understand one's motivation. For instance, the motivation of a VC is to raise funds and multiply them by investing in a few successful projects that will exponentially outperform the markets. If your startup "makes sense" number-wise, then you will not make it in the VC game. If you can turn X money into 10X, you need a bank loan, not VC funding.
Instead of logic, appeal to a story and herd authority. It hurts to realize that humans with a lot of money are irrational about it — but it is what it is. A lot of money is flowing around, and it mostly goes to whoever can tell a better story. Whatever our feelings about the facts are, they don't change the reality.
@golden_borodutch
Look no further than incentives whenever you need someone to do something or want to understand one's motivation. For instance, the motivation of a VC is to raise funds and multiply them by investing in a few successful projects that will exponentially outperform the markets. If your startup "makes sense" number-wise, then you will not make it in the VC game. If you can turn X money into 10X, you need a bank loan, not VC funding.
Instead of logic, appeal to a story and herd authority. It hurts to realize that humans with a lot of money are irrational about it — but it is what it is. A lot of money is flowing around, and it mostly goes to whoever can tell a better story. Whatever our feelings about the facts are, they don't change the reality.
@golden_borodutch