Is contained in this excoriating mea culpa by ex-Facebook VP for User Growth, Chamath Palihapitiya. Among many eye-catching admissions, this one stands out:
“Everybody’s bullshitting. If you’re in a seat, and you have good deal flow, and you have precious capital, and there’s a massive tailwind of technological change … Over time you get one of the 20 [companies that become successful] and you look like a genius. And nobody wants to admit that but that’s the fucking truth.”
So let’s make it today’s quote of the day!