I'm hoping as tech takes over and democratizes the capital allocation schemes, these fat cats will actually have some true competition.
VC is way worse than Wall Street. I wouldn't trust the Valley to manage a bag of rock salt.
Finance is a lot less classist and racist and sexist, by far, than VC-funded tech because it actually respects high-level talent. Once you prove that you're smart, people will take you seriously as, at the least, a quant or quant trader. Those may not be high-status roles (compared to banking and old-style, guts-and-glory, trading) but if you're good in them, you can make more than enough money to have a good life.
The VC-funded world, for all its pretenses to the contrary, doesn't really value talent beyond about 2-3 standard deviations because it has no way of recognizing it. There are really smart people in the Valley, but not in king-making roles. That is why mediocrities like Evan Spiegel and Lucas Duplan get their early backers and snowball into serious entities. You just have to be good at social proof arbitrage.
VC is way worse than Wall Street. I wouldn't trust the Valley to manage a bag of rock salt.
Finance is a lot less classist and racist and sexist, by far, than VC-funded tech because it actually respects high-level talent. Once you prove that you're smart, people will take you seriously as, at the least, a quant or quant trader. Those may not be high-status roles (compared to banking and old-style, guts-and-glory, trading) but if you're good in them, you can make more than enough money to have a good life.
The VC-funded world, for all its pretenses to the contrary, doesn't really value talent beyond about 2-3 standard deviations because it has no way of recognizing it. There are really smart people in the Valley, but not in king-making roles. That is why mediocrities like Evan Spiegel and Lucas Duplan get their early backers and snowball into serious entities. You just have to be good at social proof arbitrage.