“In venture capital, you think a lot about so-called adverse selection,” Mr. Andreessen says. “ ‘Why am I so lucky as to be the person you’re trying to raise money from?’ You want to get to positive selection, the best people coming to you.”
...
“Super-talented” people, Mr. Andreessen figures, leave academia or big companies because they realize they’re “swimming in an ocean of mediocrity.” Hence the positive selection for venture capitalists.
Here's why:
Mr. Andreessen starts with the replication crisis in scientific studies, especially in psychology—over half of studies can’t be replicated. I suggest “studies show” are the two most dangerous words in the English language.
HT: Quinn
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