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laidoffamazon

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btw 99% of MIT people are no different then the rest they just worked hard or paid hefty amounts

I don't think that's true. I didn't get into any elite schools unlike almost all of them.

I genuinely think this is because the elites like the MIT dropouts that started this company think the rest of us observers are stupid.

They have a billboard with the copy "Compliance before you tell your parents you dropped out of MIT"

The problem may not be "intellectually interesting" to them at all, but building B2B SaaS does appeal to them from a lifestyle/prestige/pedigree perspective and will probably get them an exit to become a Venture investor even if they fail.

To the extent that Bits about Money has an editorial line on that controversy, it is this: if you fish in a pond known to have 50% blue fish, and pull out nine fish, you will appear to be a savant-like catcher of blue fish, and people claiming that it is unlikely you have identified a blue fish will swiftly be made to look like fools. But the interesting bit of the observation is, almost entirely, the base rate of the pond. And I think journalism and civil society should do some genuine soul-searching on how we knew—knew—the state of that pond, but didn’t consider it particularly important or newsworthy until someone started fishing on camera.

Does Patrick want to address the fact that this happened during school break and that Nick Shirley didn't prove much of anything?

I’m aghast but numb to this now.

The biggest question for me now is how the usual defenders of this lawless administration will try to defend this or both sides it.