Search Funds: The quiet, dependable, risk-averse sibling to the startup • Hacker News Board

Re: Search Funds: The quiet, dependable, risk-averse sibling to the startup

#21

Post by michaelochurch » Thu, Oct 02, 2014, 2:25 PM UTC

falsestprophet wrote: post #13

michaelochurch wrote: post #12

Search funds, like what the Valley's VC ecosystem has become, are just another disgusting way for rich turds to help their undeserving, underqualified progeny jump the corporate queue and look like they earned it. If someone says he has a search fund, he's basically saying that he's rich and otherwise nonviable, so his Daddy got his friends to invest in his job search (and buy the company, so he becomes CEO). He's ad…

What empirical evidence is there that intelligence is "75% maternal"?

The number is just a stabbing guess (and I meant, "75% of the component that is genetic") but there are a lot of results showing the maternal influence on intelligence. The point (which is that a lot of powerful, rich men end up with kids stupider than they predicted, and have to buy jobs for them) would be the same if I said "60%" or "80%".

Here's one of the seminal papers on the topic, from 1996: http://jpepsy.oxfordjournals.org/content/23/3/197.full.pdf

What's unclear is whether it's genetic or related to other confounding factors (e.g. maternal health). We really don't even have a good grasp of what intelligence is or why these differences between individuals exist.

Re: Search Funds: The quiet, dependable, risk-averse sibling to the startup

#22

Post by pitt1980 » Thu, Oct 02, 2014, 2:57 PM UTC

nlh wrote: post #8

Search Funds are an interesting beast. I have some direct experience here as I was in contact with a number of "searchers" earlier in the year (word about my business, which is retail/consumer focused, made its way around what I learned is a pretty tight-knit network.) The model works as such: The searchers are typically recent MBA grads and sponsored by a group of backers (who, in many cases, are the actual professo…

how much of this is capitalizing on cashflow miseries of of other

ie small business owners going through divorces, small business owners who die unexpectedly and the heirs don't know what to do with the business, etc etc?

Re: Search Funds: The quiet, dependable, risk-averse sibling to the startup

#23

Post by falsestprophet » Thu, Oct 02, 2014, 4:47 PM UTC

michaelochurch wrote: post #21

falsestprophet wrote: post #13

Earlier quoted context omitted.

What empirical evidence is there that intelligence is "75% maternal"?

The number is just a stabbing guess (and I meant, "75% of the component that is genetic") but there are a lot of results showing the maternal influence on intelligence. The point (which is that a lot of powerful, rich men end up with kids stupider than they predicted, and have to buy jobs for them) would be the same if I said "60%" or "80%". Here's one of the seminal papers on the topic, from 1996: http://jpepsy.oxfo…

Yeah that is correct. Maternal is very different from genetic of course. I was surprised that you of all people would have missed the mark on the heritability of intelligence.