this post was submitted on 23 Feb 2026
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[–] Aequitas@feddit.org 434 points 1 month ago (5 children)

Relevant:

"Entrepreneurship is like one of those carnival games where you throw darts or something.

Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on.

Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work.

Poor kids aren't visiting the carnival. They're the ones working it."

[–] Yprum@lemmy.world 76 points 1 month ago (1 children)

What an awesome comparison.

[–] khannie@lemmy.world 25 points 1 month ago (1 children)

Yeah that is real nail on the head stuff. The poverty trap is real. I really believe everyone should be poor once in their life for at least a year with no end in sight because many / most who haven't experienced it don't have the empathetic capacity to imagine it.

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[–] scarabic@lemmy.world 22 points 1 month ago

A coworker of mine left to start his own startup. He claimed that the IPO of an old employer gave him a little bit of cushion to work with, and he was going to take his shot. I wished him well. It was a crazy dumb app idea. But you never know.

I do remember thinking “gee and he just had a baby too, what a time to take a risk.” I later learned that he had married old money. The second he had a kid with her, he couldn’t lose.

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[–] lambalicious@lemmy.sdf.org 209 points 1 month ago (2 children)

no ties to my privilege

it's an AI startup

$185 million

Something does not compute, in a Microslop sort of way.

[–] FilthyHands@sh.itjust.works 67 points 1 month ago

I asked copilot and it assured me this is all above board.

[–] ConstableJelly@piefed.social 62 points 1 month ago (3 children)

“I have a chip on my shoulder,” she said, describing her drive to prove she can win over private equity in Silicon Valley based on merit, not inheritance or legacy ...[T]he young founder hasn’t taken money from her parents for Phia. Instead, she’s insisted on raising outside capital even as some investors remain fixated on her personal life instead of her business venture.

I appreciate the sentiment, but it would be delusional to think her ability to "win over private equity" was divorced at all from her father's legacy and last name. And actually, I'm not sure I appreciate the sentiment. In 2026, merit is way down the list, like scrawled sideways in the margins, of things that matter to private equity.

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[–] givesomefucks@lemmy.world 131 points 1 month ago (2 children)

Wonder how much of her funding came from people who rape kids with her dad...

If she thinks she's doing anything that her name doesn't benefit, she's fucking stupider than most AI ceos and that's saying a lot.

Maybe even stupid enough to not know the reason her dad's company took off is her grandparents worked for Xerox and just gave him a bunch of IP including the first computer mouse and a shit ton of money.

The Gates family is a nepo family, they're just all too stupid to understand and legitimately think they have the same opportunities as anyone else.

[–] lena@gregtech.eu 44 points 1 month ago (1 children)

Think of how stupid the average AI CEO is, and realize half of them are stupider than that.

[–] mushroommunk@lemmy.today 18 points 1 month ago

Please no. My crushing despair at the state of the world meds for ignore at least one thing

[–] Zephorah@discuss.online 37 points 1 month ago (1 children)

If you ever listen to Behind the Bastards, then you’ll notice a pattern of emotional stunting in the growth of billionaires. The kids that have the money straight away, not the ones that really do make it themselves wherever they are.

Exemplar: Elon.

Though the imagery that sticks out in my mind is one of Zuckerberg playing mall ninja in his original office space, as the boss, walking around with a samurai sword and fake swiping at employees with it.

[–] givesomefucks@lemmy.world 21 points 1 month ago (2 children)

None of them make it themselves...

But they act like spoiled kids because that's how everyone treats them, because at that level of wealth the only people you're around will say whatever gets you to give them money.

It doesn't take long before they forget how to be a normal human

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[–] FlashMobOfOne@lemmy.world 95 points 1 month ago* (last edited 1 month ago) (1 children)

Is this the same entitled bitch who got a $1,000,000 ranch as a present?

Maybe pay some fucking taxes, Phoebe.

[–] ThePowerOfGeek@lemmy.world 39 points 1 month ago* (last edited 1 month ago)

To quote Pearl Jam:

Born on third,

Thinks (s)he got a triple.

[–] Typhoon@lemmy.ca 85 points 1 month ago (2 children)

Phoebe Gates wants her $185 million AI startup to succeed with 'no ties to my privilege or my last name'

But you have no problem with the $35 million they gave you? That's part of your privilege. You say you want to succeed without it while stuffing your pockets with it.

[–] Tollana1234567@lemmy.today 18 points 1 month ago

shes basically like the rich people that think they are independant and living on thier own, but thier parents give them a credit card to do pay whatever she wants on her own,.

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[–] UnspecificGravity@piefed.social 71 points 1 month ago* (last edited 1 month ago) (1 children)

She just wants to be treated like any other totally unqualified person whose mom gave her commencement speed and got handed 100 million dollars to start up a made up company.

[–] hector@lemmy.today 31 points 1 month ago* (last edited 1 month ago)

That then told everyone about her company, that she doesn't want any privilege in promoting, to her many followers.

[–] luthis@lemmy.nz 66 points 1 month ago (2 children)

She's going to be another super villain in ten years isn't she

[–] axexrx@lemmy.world 16 points 1 month ago

I hope in 10 years we find out shes secretly a cyborg and meant that litterally, the prototype chip is on (in) her shoulder.

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[–] TheTiltster@feddit.org 63 points 1 month ago (6 children)

An "AI shopping company". Yes, that´s just what the world needs.

[–] Carighan@piefed.world 22 points 1 month ago

I can't even decide what would be worse: AI-based shopping of general stuff, or shopping for AIs.

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[–] homesweethomeMrL@lemmy.world 53 points 1 month ago (1 children)

To be fair to whoever she is, it must have been impossible for them to not to have grown up completely bonkers out of touch. Not without some serious awesome parenting.

Which is why she did not.

[–] Subtracty@lemmy.world 15 points 1 month ago (1 children)

They have no frame of reference whatsoever.

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[–] DarrinBrunner@lemmy.world 43 points 1 month ago

Raised in a bubble she can't see.

I have no doubt she's at least as horrible as we all imagine.

[–] Hegar@fedia.io 41 points 1 month ago

"Child of prominent pedophile has an AI startup" is such a vibe right now.

[–] manuallybreathing@lemmy.ml 40 points 1 month ago (1 children)

The featured article under this is titled

Hailey Bieber and Kris Jenner back Phoebe Gates’ fashion tech startup Phia in $8 million seed round

hilarious stuff

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[–] Botanicals@lemmy.world 40 points 1 month ago* (last edited 1 month ago) (2 children)

Well I guess as long as she has a 'chip' on her shoulder

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[–] thesmokingman@programming.dev 39 points 1 month ago (2 children)

The shopping assistant plugs into browsers like Chrome and Safari to compare prices and surface deals across tens of thousands of retail and resale sites in real time. It essentially serves as your own personal deal finder: Say you’re looking at a $200 dress from Anthropologie, Phia can find and compare prices at secondhand sellers to help customers find a better price.

Gates and Kianni first brainstormed startup ideas in their Stanford dorm room, cycling through concepts before landing on a consumer tool that included Gates’ interest in women’s empowerment (likely modeled after her own mother) and Kianni’s sustainability focus.

I don’t think a coupon tool that wastes excessive resources is either empowering or sustainable.

[–] village604@adultswim.fan 24 points 1 month ago (4 children)

I'd be surprised if there's actual AI behind it. That functionality already exists and works just fine.

[–] SaveTheTuaHawk@lemmy.ca 17 points 1 month ago

it's a small indian man named Al.

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[–] oh_@lemmy.world 33 points 1 month ago (2 children)

With what money did she start the business then? Get the F out of here with that crap. Also, so original, going into AI like everyone else.

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[–] scarabic@lemmy.world 32 points 1 month ago* (last edited 1 month ago) (18 children)

Reading this, I was reminded of how Nicolas Cage is part of the Coppola family but changed his name, I was told, so that he could “make it on his own.”

I looked that up and it turns out to be a complete lie. He actually changed his name to conceal the fact that he was not making it on his own.

EDIT to clarify if this was confusing: he was given roles by his uncle Francis Ford Coppola. This is nepotism aka “not making it on his own,” but with special help from family. To conceal the nepotism, his name was changed.

From Wikipedia:

At age 15, he tried to convince his uncle, Francis Ford Coppola, to give him a screen test, telling him "I'll show you acting." His outburst was met with "silence in the car."[20] By this stage of his career, Coppola had already directed Marlon BrandoAl PacinoGene Hackman and Robert De Niro. Although early in his career Cage appeared in some of his uncle's films, he changed his name to Nicolas Cage to avoid the appearance of nepotism as Coppola's nephew. His choice of name was inspired by the Marvel Comicssuperhero Luke Cage and composer John Cage.[21][22]

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[–] vane@lemmy.world 28 points 1 month ago

This is fucking worse than monarchy.

[–] etherphon@piefed.world 25 points 1 month ago

If it's that much of a problem for her, perhaps she should consider making a name for herself in a completely different, non-computer related field, hiding her identity. Oh, you don't want it to be that hard? Ok.

[–] minorkeys@lemmy.world 25 points 1 month ago

Well you don't get to have that. Possible access to your father is enough for you to get priveleges.

[–] merdaverse@lemmy.zip 24 points 1 month ago
[–] circuitfarmer@lemmy.sdf.org 20 points 1 month ago

Pay your taxes or shut up.

[–] ecvanalog@lemmy.world 19 points 1 month ago (2 children)

Phoebe Cates>>>>>Phoebe Gates

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[–] OriginEnergySux@lemmy.world 19 points 1 month ago

She will ALWAYS have help lol

[–] Tollana1234567@lemmy.today 18 points 1 month ago

you arnt independtly wealthy, if you have a "credit card" from your wealthy family and you are living on your own. same goes for CV/RESUME.

[–] mrgoosmoos@lemmy.ca 17 points 1 month ago (2 children)

well, there's a website I'm never going back to. that layout is just offensive. and this is after after dismissing the cookies popup

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