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These were the guys running that pump and dump crypto scheme right? Well it's good to know they're socially responsible shysters. I appreciate they're doing so
by Traster 6y ago
These were the guys running that pump and dump crypto scheme right? Well it's good to know they're socially responsible shysters.
I appreciate they're doing something positive, but I've got to feel a lot of skepticism when companies are like "Oh yeah, we've been working on this for 6 months".
- rvz 6y ago> "Oh yeah, we've been working on this for 6 months" Very skeptical and suspicious about this line. It sounds like as if they were waiting to react to another appalling racist act, despite previous events happening to black communities for years around this to launch this "fund" in exchange for equity and "support". While this is a positive act from a16z, but after reading that line, the whole post now feels 'manufactured for the event' to specifically attract black founders. I'd say no thanks and no deal.
- jjeaff 6y agoIt could be a PR stunt, but it says in the article that all the funds remain in the fund to invest in future businesses. And that they are basically managing the fund for a non-profit. So I don't think they stand to directly earn money from the fund.