"Every great venture capitalist in the last 70 years has missed most of the great companies of his generation... if it was a science, you could eventually dial it in and have somebody who gets 8 out of 10 [right]," the investor reasoned. "There's an intangibility to it, there's a taste aspect, the human relationship aspect, the psychology — by the way a lot of it is psychological analysis," he added.

Venture capitalism: famously the only human activity in history that involves human relationships, psychology, or aesthetic taste.

wall

[–] Cimbazarov@hexbear.net 40 points 1 week ago* (last edited 1 week ago) (2 children)

Is he saying all there is to VC'ing is picking the right startup to back? What the fuck is "work" then. Vibe checking the startup founder? He's right then, it's not going to be replaced with AI because its a useless fucking job. God, these people belong in the gulag

[–] Philosoraptor@hexbear.net 26 points 1 week ago

Well you also have to give dumbfuck interviews about things you fundamentally misunderstand and (apparently) participate in dozens of fascist group chats at once. Truly the pinnacle of human behavior and development.

[–] DefinitelyNotAPhone@hexbear.net 11 points 1 week ago

When your job is just "I/my friends have a lot of money to gamble," it turns out there's not much to it.

[–] huf@hexbear.net 28 points 1 week ago (1 children)

gambler telling you they have a system maaaaaaan

[–] Philosoraptor@hexbear.net 15 points 1 week ago (1 children)

I'd bet real money that if you gave ChatGPT $5 billion and had it """invest""" it would do as well or better than most of these idiots. Poster children for "born on third base and think they hit a triple."

[–] TreadOnMe@hexbear.net 15 points 1 week ago

Not to tout YouTubers, but Micheal Reeves literally had a goldfish do his trading and it made him more money than the average hedgefund manager.