A good example is popular discourse on 'elites'. You could perceive this as a shadowy cabal consciously acting, or as systemic flaws in society which perpetuate inequality.
Ryan's account leans towards the former, shadowy Cabal. VCs have systemic flaws in perception and they're subject to a herd mentality (e.g. startups are bimodally hot or not).
The systemic theory can explain Ryan's fundraising experiences more simply than the 'Mob Bosses of Stripe and YC' theory.
A good example is popular discourse on 'elites'. You could perceive this as a shadowy cabal consciously acting, or as systemic flaws in society which perpetuate inequality.
Ryan's account leans towards the former, shadowy Cabal. VCs have systemic flaws in perception and they're subject to a herd mentality (e.g. startups are bimodally hot or not).
The systemic theory can explain Ryan's fundraising experiences more simply than the 'Mob Bosses of Stripe and YC' theory.