Crazy New Ideas
Graham&#x27;s obviously inspired by some Kuhnian paradigms here, but in Grahamiam fashion, he doesn&#x27;t cite anything to back it up.<p>What I find interesting where he calls most people conservative is how when I&#x27;m discussing VCs, YC, etc  with non SV people is we talk about how conservative they are. YC&#x27;s business model for years was predicated on finding talent (kids) that was undervalued, underpaying them (10k was the initial payouts?), getting them to pack up and move to super-expensive monocultural SV like everyone else, and then when they made bukku money, lose interest in improving the service (Reddit, Dropbox). There&#x27;s nothing original there, it&#x27;s the business model of carpetbaggers and robber barons. How boring.<p>I often feel like Jonah Hill in Moneyball, a pariah for pointing out how ancient VC thinking is. Or maybe I just imagine it. Well, it is my experience that true deep domain knowledge can only come from years of insights. People without years of experience will be lacking maturity and&#x2F;or won&#x27;t have time to even consider those insights. Usually people who mainly care about money, influence &quot;becoming powerful&quot; (Graham&#x27;s words about his protege, not mine) will jump at whatever shortcut they can take instead of spending the card work necessary for learning these deep insights PG is interested in.<p>With all due respect, Coinbase didn&#x27;t require deep insight. It was the equivalent of &quot;You like money, too?&quot;
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PG, you should stop the contrarian persecuted intellectual look. You&#x27;re not the little guy anymore, haven&#x27;t been for 2 decades.