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tech ppl love to throw around the word “institution” for all the shit they don’t like as if institutions weren’t just large systems w accumulated knowledge & influence, as if there weren’t benefits to institutional knowledge, as if institutions don’t exist in the private sector
marc andreessen, running a firm with $10b in management whose portfolio page prominently lists “acquired” as the exit for like 90% of its companies, whose products are never to be heard of again: why won’t our institutions build things that last
some super defensive pro-vc account is gonna qt this w some shit like “the vc model has produced more innovation than any other system ever” and it’s like. maybe? maybe not? is it worth the immense amounts of waste in this industry we just don’t know there’s no counterfactual lol
What kind of institution nonsense is this
Institutions are bad until the companies we build or finance become institutions. Then they're exceptions.
to be fair, marc *has* supported some institutions in the past, like... (checking wikipedia) colonialism
have you read Utopia of Rules?
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