2 ms·
People like Sequoia and the Ontario Teachers' Pension Plan who invested tens of millions into FTX last year, and whose investment is most likely worthless now?
by pavlov 4y ago
People like Sequoia and the Ontario Teachers' Pension Plan who invested tens of millions into FTX last year, and whose investment is most likely worthless now?
Smart people make bad investments too, often out of FOMO.
- djtango 4y agoThe FOMO can get institutionalised. When you are incentivised to chase funding (as a GP) if you aren't doing the cypto thing, your LPs will go with another fund and/or you'll get redeemed. And if you have to go in on crypto, FTX was supposed to be a sure bet