597 karma · joined July 15, 2015
> In a typical transaction, no market value is created. If I give you an apple and you give me an orange, the total amount of fruit in the economy remains constant. We can’t create fruit by bartering with it. We can only do so by foraging or cultivating an orchard.
Economics 101 begs to differ. Surprised at the level of economic illiteracy in this article (the author should read up on concepts like consumer surplus, labor markets, comparative advantage, economies of scale), given the interesting riddle it began with.
I think a lot of VCs and real estate investors would fall in this category.
- Soumith Chintala (https://www.linkedin.com/in/soumith): Co-inventor of PyTorch; Distinguished Engineer at Facebook AI
- Jacob Devlin (https://www.linkedin.com/in/jacob-devlin-135ab048): Inventor of BERT; SWE at Google AI
- Yuxin Wu (https://www.linkedin.com/in/ppwwyyxx): Lead developer on Detectron2; SWE at Facebook AI
If we include successful entrepreneurs and CEOs, the list becomes larger still.
Of course, these examples are cherry-picked, but I'd be careful with your assumptions.
Many people who pursue Master's degrees in the U.S. are international students who didn't have the luxury to do their undergrad in the U.S., a large number of whom have gone on to great success in the tech industry. At the high end, M.S. in computer science grads represent the best and brightest of three groups: international students, PhD dropouts, and those curious enough about CS to pursue it at the graduate level.
In contrast, Jeff Bezos, Bill Gates, and Mark Zuckerberg all graduated at the top of their classes in high school. So much confirmation bias - and that too from a psychology professor!
This is literally the worst rejection story I've ever heard.
Facebook was founded in 2004.