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The main thing I find amazing about the whole Telegram Gram debacle is the magnitude of money they were able to raise. $1.7 billion is just a ridiculous amount
by lalaland1125 7y ago
The main thing I find amazing about the whole Telegram Gram debacle is the magnitude of money they were able to raise. $1.7 billion is just a ridiculous amount of money. Think about how much good that money could have produced if it were invested into useful companies and startups.
- pavlov 7y agoI recall reading that most of the money came from Russian sources close to oligarchs. So at least it’s not out of the pocket of retail investors unlike some other blockchain scams. OneCoin seems particularly egregious in this regard: https://www.bbc.com/news/stories-50435014 https://www.bbc.com/news/stories-50435014
- davidgerard 7y ago[OP here] no, quite a lot came from American VC firms who wanted "crypto exposure" in late 2017. Funnily enough, actual crypto VCs thought Grams were nonsense and stayed the hell away. So in the US at least, Telegram skinned only and precisely the most deserving suckers! The Russian investors were who I was thinking of with "a robust response to perceived shenanigans." Messing them around is likely unwise, no matter what the sales agreement says.