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The 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
by djtango 4y ago
The 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