Incidentally, I think this post by @joshtpm on "The Brittle Grip" from 2014 best covers how I think about things like @sama's posthttp://talkingpointsmemo.com/edblog/the-brittle-grip-part-2 …
I can buy that. The key analysis of "brittle grip" is experiencing sharp disagreement as "silencing" despite the silencee having significant wealth and power.
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I don't think that's accurate on sama's terms (his lab genius is not necessarily wealthy/powerful). Also, Elaine zinged one of sama's critics, who isn't silenced at all, as just as brittle in the sense I used. The tell for "brittle" is lousy strawmanning on all sides by the rich.
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Re sama I think I mean it more narrowly. I think SV VCs are used to a "master of the universe" position where they get to talk amongst themselves and use their perspectives to control investment. That's getting harder, and he experiences it as "attacks" reducing his power.
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iow there are now cases where SV VCs have to be more careful for fear of popular backlash. That was less true in 2005, and they notice it.
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You're surely right about VCs, but my sense is they have bigger fears. Popular backlash is low on the list, even if you define "popular" as elite non-VC opinion.
End of conversation
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I think there can be a pretty huge difference between actual hold and self-perceived hold. Also human psychology doesn't deal well with absolutes, only relatives. So any negative _change_, even to a still absolutely high value can be very scary.
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