There’s a lot of mis-information being shared about VC performance and how it translates into LP returns.
There’s also a lack of understanding about how the VC ecosystem broke the LP ecosystem over the past few years and why this matters A LOT.
Here’s what’s going on:🧵👇
I think the McLuhan-esque take is to say that Fandoms are themselves voluntary culture-war militias recruited from the general population.
An argument could be made that groups like Antifa, BLM, Proud Boys, Patriot Front, etc... are in essence fandom para-military orgs with $$$.
📢NEW PAPER!
Where @davidthewid, @sarahbmyers & I unpack what Open Source AI even is.
We find that the terms ‘open’ & ‘open source’ are often more marketing than technical descriptor, and that even the most 'open' systems don't alone democratize AI 1/
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4543807... See more