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Social Capital in Silicon Valley
Social capital, on the other hand, is harder to define and relies on the creation of a “successful status game.”
notboring.co • Status Monkeys
One of the reasons that angel investing in the Bay Area was such a status symbol is that it was fairly exclusive.
Packy McCormick • Software is Eating the Markets
Social capital is the productive potential of social networks to create value. It emerges from trust and the willingness to cooperate.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Network effects of success : Silicon Valley is famous for its “mafias.” As companies sell or IPO for billions of dollars, they make many of their employees very wealthy. Those employees form new companies, support each other, and invest in the next generation of companies. ThePayPal Mafia, Silicon Valley’s most famous, includes entrepreneurs who
... See morePacky McCormick • Conjuring Scenius — Packy McCormick
When angel investors wrote checks into startups, they were really buying two things: an asset with a potential financial return and a status symbol.