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At least it was private money that hopefully learnt their lesson. Think of it as karmic wealth redistribution. Unless the private money turned out to be pension
by sudhirj 7y ago
At least it was private money that hopefully learnt their lesson. Think of it as karmic wealth redistribution. Unless the private money turned out to be pension funds in which case oh shit.
- Ididntdothis 7y agoMost likely it was pension funds or municipalities. It’s not the VCs own money
- goatinaboat 7y agoMost of it was the Saudi royal family’s money, they were the biggest investors in the Vision Fund.
- api 7y agoNot sure I'd rip off Mohammed Bonesaw, but I guess he didn't do so directly. The vision fund is the truly amazing case of serial capital destruction. Of course it brings to mind something I heard from a PI years ago: if something doesn't make sense as a business, maybe it makes sense in some other way. Could this be somehow about moving money around? No clue, just wild speculation because it all looks so irrational.