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My theory for these PM's is its basically a cheap way to take potential entrepreneurs off the market. Its hard to predict if a startup will succeed but one genre of success is having a Type A "fake it till you make it" non technical cofounder who can keep raising long enough to get product market fit.

These types all go to the same schools and do really well, interview the same, and value the prestige of working in big tech. So it's pretty easy to identify them and offer them a great career path and take them off the market.

Technical founders are way trickier to identify as they can be dropouts, interview poorly, not value the prestige etc.




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