I really like this piece by Dave Karpf on how not enough people are making fun of Balaji Srinivasan right now. While he goes on the skewer Srinivasan for a stupid bet/stunt he did recently, he touches on a broader topic:
2023 is shaping up to be a big year for recognizing that the titans of Silicon Valley actually have very little clue how the financial system works. That’s essentially what capsized Silicon Valley Bank: the venture capitalist crowd was long on self-confidence and short on basic-understanding-of-how-things-work.
At some point with characters like Balaji, you have to ask yourself whether he’s putting on a show or whether he really is a fool. There are a lot of guys at the heights of Silicon Valley who put on a similar performance. (*cough* David Sacks *coughcough* Jason Calcanis.) They have money, and they speak with such confidence. For years, they’ve been taken them seriously. This ought to be the year when that presumption of omnicompetence withers away.
I think that quote of how 2023 is going to be “a big year for recognizing that the titans of Silicon Valley actually have very little clue how the financial system works” really can apply to anything, not just the financial system. As Karpf notes, all these leaders in Silicon Valley “have money, and they speak with such confidence” and people take them seriously.
So when Marc Andreessen bloviates on how AI will save the world and how it’s the best technology EVAH, no one says he’s full of crap. They don’t look at how he went long on crypto when others were getting out, for example, and say “yeah maybe he’s not the best guy to listen to on this stuff”.
And that’s too bad. I think we should mock these people more often. We should mock the vapidity of Bill Gates’s recent commencement speech. We should cheer when companies like Hindenburg Research go after Jack Dorsey and block for what a crappy company it is. We should recognize how fraudulent people like Tony Hsieh or Elizabeth Holmes are. We should recognize that these people do not deserve our attention. And if they get it, they should be scrutinized and at the very least, mocked. I mean Elon Musk and Mark Zuckerberg are talking about fighting in a cage match.
These are not serious people. We should stop acting like they are.
P.S. The fraudster Elizabeth Holmes finally went to prison after trying in vain to convince people she should not. Did silicon Valley learn anything from this? Not much, if this story on how recently the company Grail told 400 patients incorrectly that they may have cancer.
As for Tony Hsieh, you can read here how he used companies like ResultSource to make his book Delivering Happiness into a “best seller” (not to mention giving it away). Just another form of fraud. Here’s a good takedown of Tony Hsieh and the emptiness of the tech mogul.
Finally the New York Times has a rundown of the recent high tech phonies and the trouble they are in.


Generally I think it is a good idea to keep it positive and light on twitter. I especially try and avoid political tweets. However, I found that hard to do this week. To stop myself, I kept a log of all the things I was going to tweet about but didn’t. The following is the log.
The Internet is full of bad actors, though if you lucky, you can easily avoid it, unless you are a celebrity like 





