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🔗 How startup culture runs on bullshit. — Joan Westenberg:

The enduring appeal speaks to deeper societal myths about individual exceptionalism and meritocracy. Stories of college dropouts turned billionaires reinforce notions that anyone can attain the American dream (or build the next Facebook) by working tirelessly with unwavering vision. But focusing on outliers obscures the limited accessible pathways and how systemic barriers block many with equal talents. Confirmation bias leads investors and journalists to seek individuals fitting the narrow archetypes of what they believe constitutes the ideal founder based more on shared collective delusions than evidence.  

And then these dynamics are multiplied throughout the economy as larger companies attempt to imitate “startup culture” and “lean thinking” as they chase the myths of innovation and growth.

The whole thing is rotten and busted.

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