Goodhart’s law states that when a measure becomes a target, it ceases to be a good measure.
Word got out that this is what the GOATs at Hummingbird want to see with founders, and now the alpha is eroding. Many such cases!
There's a new trend in VC, where founders are Trauma signaling.
Not sure when this started, but so many pitches are "I got hurt when i was 7, and so now I build rockets"
Anyone else seeing this?