Posts in Startup
Have we reached peak ‘entrepreneur’?

Being an entrepreneur is arguably the highest status job in the world at the moment. In the 1960s, it was the rock star. In the 1980s-1990s, investment bankers were the ‘masters of the universe’, the object of cultural fascination (and loathing), depicted in books like Bonfire of the Vanities or American Psycho. Now? No one could give a crap about investment bankers — they’re souped-up traders who bet with other people’s money and the only thing they invent are bullshit derivatives. But the entrepreneur? The ‘founder’? All kneel before their genius.

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Patent nonsense?

The biggest company in the psychedelic market is Compass Pathways. It has a billion-dollar valuation on the stock market, and is set to be the 800-pound gorilla in the psychedelic jungle. It’s using its money to do a large-scale test of magic mushroom therapy for depression, and to train up a large cadre of psychedelic therapists.

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