Worse still-- past employment at the majors is seen as a strong "social proof" indicator by many including other employers and investors.
I saw an angel.co drinking game once. I think you had to chug two drinks for "worked at X" (where X is any major) being put forward as the sole qualification of a founder or key early employee. This is starting to edge out "went to X" where X is a top-tier school.
China is supposedly deploying their own horrific state-sponsored "social credit score" system, but we're doing it too. We're just doing it in a less centralized way. In a way that's worse. In China everyone will know of this system and its existence and I'm sure people will figure out so many ways to game it it'll become irrelevant. In the West people will remain blissfully ignorant as ours has no name or formal identity.
Ultimately I am still more creeped out by what our private sector is doing than what our NSA and CIA are doing. Neither is good, but the latter has some oversight and regulation. The former has absolutely no regulation or oversight whatsoever, and in any case the private sector is very often better at such things than the public sector is. I wouldn't be at all surprised if Facebook's data analytics are far superior to the NSA's.
I saw an angel.co drinking game once. I think you had to chug two drinks for "worked at X" (where X is any major) being put forward as the sole qualification of a founder or key early employee. This is starting to edge out "went to X" where X is a top-tier school.
China is supposedly deploying their own horrific state-sponsored "social credit score" system, but we're doing it too. We're just doing it in a less centralized way. In a way that's worse. In China everyone will know of this system and its existence and I'm sure people will figure out so many ways to game it it'll become irrelevant. In the West people will remain blissfully ignorant as ours has no name or formal identity.
Ultimately I am still more creeped out by what our private sector is doing than what our NSA and CIA are doing. Neither is good, but the latter has some oversight and regulation. The former has absolutely no regulation or oversight whatsoever, and in any case the private sector is very often better at such things than the public sector is. I wouldn't be at all surprised if Facebook's data analytics are far superior to the NSA's.