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Sounds like this is really an argument for transparency. If people could see what what going on with Krueger or SBF's shops, they wouldn't have invested in them
by lordnacho 4y ago
Sounds like this is really an argument for transparency. If people could see what what going on with Krueger or SBF's shops, they wouldn't have invested in them.
- dragontamer 4y agoThe main problem is that transparency has been possible all along. All those investors _CHOSE_ to invest into opaque structures, rather than companies with open books / transparency. Because people get wrapped up into cults of personality. And Silicon Valley has mastered the art of reality-distortion-fields.