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The ‘Problematic,’ VC-Threatening Study That Has Split Harvard Professors (institutionalinvestor.com)
4 points by _Microft on Nov 15, 2020 | hide | past | favorite | 2 comments



The sample included start-ups that had raised more than $500,000 and less than $3 million, and excluded biotech, energy, and material-science based startups because “the drivers of success and failure for science-based businesses are going to be different than more typical software and service companies,” according to Eisenmann.

Ah, OK, no further questions needed. If you sell software any fool can do it and waffle along until you manage to sell up to a greater fool. But if you do actual science you have to perform. That's a problem, because science that can improve society doesn't get done, the money flows to the hype men instead. Banking is indeed a cargo cult.


Yet another piece of supporting evidence pointing towards the the cargo cult in financial sector.

Success is so arbitrary.




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