I was literally talking to the CEO of Substack last night about how startups attract haters as an automatic almost physics-like consequence of growth, and wondering how long it would take before they did.
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Displaying envy has become a positive social trait. When, in your perception, did hating startups start being mainstream?
It goes way back, before startups. Any magnate in the 19th century could be portrayed as evil. Some actually were, of course, but any could be portrayed that way, merely by virtue of being magnates.
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And now startups are considered the way magnates were in the 19th century
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I also think bands undergo the same phenomenon. Who has the t-shirt that ‘proves you were there that you heard of them first’ (to quote cake). Then, the band
& ‘sold out.’
Combination of Dunbar’s number & inability to define self as an outsider/contrarian when band is popular -
But Substack is not a huge success yet
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I'm reminded of this quote from Hank Rearden (Atlas Shrugged): “I refuse to apologize for my ability—I refuse to apologize for my success—I refuse to apologize for my money.”
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I think it goes back to the early 1600s; right when the joint stock company was invented it was used for the various East India companies, which did lots of evil things
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I would hesitate to say "before startups" because "startups" have existed since the dawn of enterprise
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Venture-level schadenfreude is a big deal
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Howard Hughes?
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