'Failing up' is one of those well-known-to-insiders Silicon Valley concepts. Past a certain point in your career trajectory (not that I've experienced it), you reach escape velocity, and the gravitational rules of accountability no longer apply.https://www.nytimes.com/2018/10/26/technology/sexual-harassment-google.html …
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...of a cushy VC post, or just boutique (and usually scattershot) angel investing, while posting Instagram photos of a custom-built house in a Valley hood where some junior hires choose to live at work or in parked RVs because they can't afford to live there otherwise.
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If this country ever really gets to the point of class revolt, it'll be precisely because the elite class openly (rather than covertly) considers itself above reproach or the law. That class already socializes losses and privatizes gains and calls it governance.
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Why does this happen? Whatever next group they join doesn’t actually know how bad they are?
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I really don't know, since I've only brushed up against this stratum. Is everyone in on the scam? Does the hiring party just engage in rank pseudo-nepotism? Or is success just largely unmeasurable, and some narrative gets written that excludes accountability?
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Having been somewhat involved in hiring loops--FB, startups, etc.--it seems getting honest and representative backchannel feedback on people is hard. Part of that might be that most people are probably in one of three groups: incompetent, OK, and very good (but abrasive).
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The incompetent but glib (and who fit a certain profile) can talk their way out of it. The OK stay on a median track. And then the actually effective usually really pleased or pissed off various sets of people. Collecting the data that permits triage is hard.
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This is not unique to SV, and I don’t think SV gets credit for its inception either.
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Just like Elon re-invented the subway and called it innovation, Silicon Valley has re-invented in-group nepotism, and thinks they're being cool.
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The executive recruiter Valkyries sweep up the fallen into the swanky offices of Valhalla Venture Capital, where they can feast and drink fine champagne until the day of the great battle against the SEC that will end their world.
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Don’t forget the tremendous ego.
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Once senior enough the peer group becomes small and influential enough that your key performance metric shifts from actual execution to maintaining those peer relationships. By that criteria, these people are likely far from incompetent.
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