I admired the way that for the TON offering, Telegram very specifically gouged only a few very rich investors who totally had all the knowledge and information

I admired the way that for the TON offering, Telegram very specifically gouged only a few very rich investors who totally had all the knowledge and information they needed to know better, and nobody else. I understand (from industry gossip) that most of the Telegram TON VCs have already written it off.