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The story about SBF playing LoL whilst Sequoia partners are fawning over him couldn't look worse for them. I also notice that they don't say what proportion of
by skippyboxedhero 4y ago
The story about SBF playing LoL whilst Sequoia partners are fawning over him couldn't look worse for them.
I also notice that they don't say what proportion of gains FTX was...given that it was $150 into a few billion, it is fair to assume that it was a substantial proportion (and...tbh...that reads as deceptive).
Ofc, they won't die, you have to pay the toll of fees for these guys because they have the whole VC network locked up (to some extent, Sequoia has fallen away a bit more recently). But these funds are just pure beta.