An evolving collection of thoughts on social capital 👇
The idea that reputations, like stocks, have P/E ratios:
Similarly, reputations, like stocks, have bubbles:
Similarly, there is corruption & market failures & inequalities:
Except unlike financial markets there is no global fed that can step in. It all happens locally.
Who society decides to lavish praise (& status) on is actually important.
Status is a coordination mechanism—the relative respect & patterns of deference accorded to people, groups & organizations by wider society.
Status is a coordination mechanism—the relative respect & patterns of deference accorded to people, groups & organizations by wider society.
Because of the importance of status, we lavish status on those who discover others we should give status too.
They are discoverers, scouts, spotters, agents, A&Rs, VCs, and, when relishing a bit too much, hipsters!
They are discoverers, scouts, spotters, agents, A&Rs, VCs, and, when relishing a bit too much, hipsters!
Awards, grants--these aren't merely about $. They're about status, which is important.
It's about replenishing social capital, which in turn powers the social fabric that enables ppl to do what they do.
Explains the importance of Pmarca's latest post:
It's about replenishing social capital, which in turn powers the social fabric that enables ppl to do what they do.
Explains the importance of Pmarca's latest post:
Financial capital and social capital have interesting relationship.
They don't necessarily lead to each other, but they can if used correctly.
They don't necessarily lead to each other, but they can if used correctly.
Some people are very generous with their social capital:
We haven't yet quantified social capital:
Angel investors are in the business of social capital investing. Of course, not everyone can be an angel investing: alexdanco.com/2019/11/27/the…
Angel investors are in the business of social capital investing. Of course, not everyone can be an angel investing: alexdanco.com/2019/11/27/the…
Stay tuned for @cosign:
One debate is whether social capital is mostly about attention, which is zero sum, or whether it's more about trust, which is positive sum.
