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Investors: but surely they won't cheat me!
> out of 130 dms sent, 15 pointed to a conversion.
> From a former ecom guy's lens this is insane
Why do these otherwise very smart people always seem to draw these kind of shortsighted conclusions? It seems pretty obvious to me on the surface that this "works" because it's new. As soon as it becomes common place people will see that channel of communication as a source of coercion/marketing and start to ignore it. Aside from the fact that he seems to be drawing massive conclusions about the viability of a business based on extremely little data here, it seems really naive to not consider in his calculations the long term effects of essentially ruining the value of the channel that you are exploiting to get those numbers in the first place.
This is why regulation before, not after, the commons are plundered, is important.
The windfall may not even justify the initial expenditure before it's exhausted.
The obvious conclusion is they aren't very smart. Consider that Cluely guy: the best returns on lying are to be the only one lying while everyone else tells the truth, so why does he want to promote lying? Partly dumb ragebait marketing (this isn't going to attract talent... and while it has given them millions in startup funding, how long are the sharks giving him the money going to do that?) and partly he just isn't very smart.
They really are the gift that keeps on giving.
That's really it, isn't it. How do we make smarter people, without them getting insufferable?
How do people like him get the money to fund his little projects, it's amazing
When I was a kid, I used to go on private WoW servers. There were always people there who would invariably try to pick a fight with admins. It always went the way you expected.
Anyway. China, India and others will have their own futures with their own theories on how the society is supposed to function, so no the future be it bleak or bright is not the future of humanity but USA and to some degrees Europe and the rest of Americas.
He's doing it a somewhat more labor intensive way, not using fully automated software tools to drive each phone (he can hire people for the equivalent of $280 a month USD salary converted into PKR currency), but the results are much the same.
Particularly in the past five years I have seen a rapidly growing trend of people doing stuff that I would categorize as "importing sketchy shit people have been doing for a long time, and can often get away with doing in a developing country, to the US/Canada/Western Europe" as a business model. Like, you think the loan apps that some US based startups have launched in the last couple of years are sketchy? Look at what's been done in India for years now. Just as one category example.
https://www.aljazeera.com/economy/2023/12/25/the-dark-world-...
https://www.nytimes.com/2021/03/26/business/india-lending-ap...
What organisations say are their principles and what their actions reveal them to be are often very different.
Even at my own job the CEO claims to be a big environmentalist yet the company is spending huge amounts of money on LLM tokens and the "leadership" team is jetting off around the world for "off-sites" constantly.
Seems to me that the vast majority (I leave off saying "all" simply as I have not surveyed all of them) of these claims are nothing more than greenwashing.
It'd be nice if it was limited to places like 4chan. But as I always say, powerful people believe all the stupid things regular people believe, so no surprise investment funds act like that too.
Most of the incel, anime, doomed, and bro culture that was prevalent / nascent there 15-20 years ago is now super mainstream.
What it really is is the interface. It’s where things go when they are on their way out, like discarded scientific ideas, but it’s also where new things first appear.
If you watch the fringe you know what’s coming and going.
It can be hard to tell sometimes which it is though, coming or going.
The theses and rules vary, of course, because there are many investors.
This one seems to have a thesis of “make 80s and 90s noir cyberpunk real.”
You know I didn't just come out and say that. I actually liked Ben and his character (who doesn't, right?). Let's just say I got disillusioned about all of them in the correct order.
Talk is so cheap you wouldn't believe.
This is one of the primary reasons that tech startups flourish in America but not in Europe.
(I mean that Zuckerberg apparently understood nothing. I mean when I say, 'spoon feed')
This is the same man who came out and said Snowden is a traitor. Now, I've since heard other versions on this so I'm willing to entertain the arguments. But a top VC being like he is, well, it's concerning. It's concerning he chooses what to fund
"I have zero introspection. As little as possible" https://www.youtube.com/shorts/b6Zw50f5jJk
We can tell, Marc. It's not a good thing. It's the sort of thing oblivious villains say.
Does SV now optimize for evilness?
I won't be surprised when "The Com"[1] will be revealed to be a project of some rich SV accelerationist.
[1]: https://en.wikipedia.org/wiki/The_Com
I think there's a reason they fret so much about the paperclip optimisers, because they recognise them.
Since when has it not ?
The microcomputer/home computer boom (1978 to let's say 1998 or so) and growth of software companies selling packaged box software you could run on your PC was in many cases not run by people who I would categorize as fundamentally evil.
Did a lot of weird cut-throat business stuff happen in the 1980s? Probably. But it all seems very cute and pales in comparison to today.
[1] https://news.ycombinator.com/item?id=41056765