Advertising has successfully used these strategies to accelerate identity formation/dissolution and, by extension, consumer capitalism. There is no reason that radical groups could not use similar methods to challenge capitalism and develop alternative collective identities.
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:🧵👇
Here Comes Everybody follows this tradition. For Shirky, this essential excitement comes down to an optimism about the open-ended possibilities of organizational forms made viable by the web.
Roelof Botha brought up this same topic in a recent Invest Like The Best episode in an even more poignant way: "Imagine the venture business in a decade, and Sequoia is gone. We presided over the decline of Sequoia, this team, the people here in this room, it was us. What happened? What did we not do?"
My central contention is that late capitalism not only accelerates the flow of capital, but also accelerates the rate at which subjects assume identities. Identity formation is inextricably linked to the urge to consume, and therefore the acceleration of capitalism necessitates an increase in the rate at which individuals assume and shed... See more