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this post was submitted on 23 Sep 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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So what you're saying is that Tim Apple could save us from these people by selling Marc Andreessen a billion dollar iphone?
It's Veblen goods again, isn't it?
Honestly, Yes. The hardest thing for a rich person to do is spend their money. Eventually this catches up with them: to spend no money is to lose it comparatively, to spend money is to risk not getting it back. So a great deal of the money world revolves primarily around persuasion, and the very odd things that happen along the way.
It also helps to recognize how much many of these people see all of this as a competition, and trying to out-unique/out-possess their peers