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I think, what 0x12 is trying to say, that highly-leveraged investments are a great way to launder money: i.e. you may have only 10% in "clean" money, leveraged
by nivertech 15y ago
I think, what 0x12 is trying to say, that highly-leveraged investments are a great way to launder money: i.e. you may have only 10% in "clean" money, leveraged 10:1 to cover over 90% of "dirty" money.
I don't think this is the case with DST.
This is just a usual case of envy.
I'll take DST money any day. Hell, I'll give 10% of my company to Yuri Milner, any day, even without the investment (this is not a legally binding promise).
- nivertech 15y agoOne may think, that early bet on Facebook is not a per-say highly-leveraged, because it must be paid in full cash. In practice it's such a risky investment, so it should be considered more like an option or outright gamble.