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The VCs who goosed FTX and Scam BF with hundreds of millions, resulting in 4 years of feckless tech and finance media fawning over this moron and his supposed "
by ChainOfFools 4y ago
The VCs who goosed FTX and Scam BF with hundreds of millions, resulting in 4 years of feckless tech and finance media fawning over this moron and his supposed "genius" as well as furthering the cancerous spread of crypto into mainstream consciousness, these elite ur-capitalist gatekeepers of gererational wealth - had the 'benefit' of due dilligence before jumping on board. They are now writing down their investments to $0.
- astrange 4y agoTheir due diligence includes - listening to him claim he’s never read a book in his life - noticing he was playing League of Legends during the pitch meeting while presenting FTX as an everything app like WeChat Which are also things I think I could preemptively say are bad. Though, Sequoia’s also known for firing founders from their startups, so they probably benefit from seeming very generous to new pitches.