venture capital as negative signal

venture capital is too easy to dunk on cuz variance is enormous & noise dwarfs even that. capital access should function as signal but inverts into negative signal disturbingly often which is a hilarious miscalibration of the whole apparatus. tho fair, evolution fucks up constantly too, so maybe selection pressure just is like this.

case in point.. met a guy recently (only because i know someone at his fund) whose entire lore is early faang employee, never founded anything, now runs a vehicle. proceeded to grill me on products i actually built & scaled, which was its own kind of comedy. then monologued about network effects for 30 min without clocking that this meeting was actively decrementing his own.

i love irony so so much.