> Dalgaard says. “I don’t think I’ve ever seen anyone—and I’ve seen a lot of people—think as comprehensively as [Conrad] did about the market he was going after and how to build his product.”
And this level of gullibility mixed with greed is why the world economy is so jacked up.
Did you stop to think its because you know nothing about insurance? Conrad went to Harvard? So that he was kicked out of his previous company didn't signal anything? All I see is investors acting like Hugh Hefner going for the startup equivalent of the blond-haired, big-boobed 22 year old. Hollywood/Playboy is actually a good analogy because in those cases nobody cares about the young hot thing's backstory either. Fake boobs/law flouting masks everything.
You can't know everything about someone's past and past actions don't necessarily dictate future actions, but to correct you slightly: Conrad says he failed out of Harvard, but then later returned to finish an arts degree in Chemistry.
I believe Harvard has the highest pass rate of any university (except, perhaps, diploma mills), at 98%. Using a Harvard degree as overriding credentials is a misstep.
> I believe Harvard has the highest pass rate of any university (except, perhaps, diploma mills), at 98%. Using a Harvard degree as overriding credentials is a misstep.
You appear to be assuming a rather uncharitable interpretation of this data, but there are, of course, a number of explanations for it.
> You can't know everything about someone's past and past actions don't necessarily dictate future actions,
That's precisely the parent's point. You can't praise someone without full context of their past actions. But that same praise was publicly used as a way to bolster the investment. "Well, heck if Lars Dalgraad says this guy is smart, then he definitely must be on to something. I should use this service" Equally there's no repercussions for making a positive statement when you're already in a position of power. I think the point the parent is trying to make is that these situations are signs of plutocracy, which perhaps is why "it's jacked up".
And this level of gullibility mixed with greed is why the world economy is so jacked up.
Did you stop to think its because you know nothing about insurance? Conrad went to Harvard? So that he was kicked out of his previous company didn't signal anything? All I see is investors acting like Hugh Hefner going for the startup equivalent of the blond-haired, big-boobed 22 year old. Hollywood/Playboy is actually a good analogy because in those cases nobody cares about the young hot thing's backstory either. Fake boobs/law flouting masks everything.