Temesek says: > Similar to all investments, we conducted an extensive due diligence process on FTX, which took approximately 8 months from February to October

Temesek says: > Similar to all investments, we conducted an extensive due diligence process on FTX, which took approximately 8 months from February to October 2021. During this time, we reviewed FTX’s audited financial statement, which showed it to be profitable.... We recognise that while our due diligence processes may mitigate certain risks, it is not practicable to eliminate all risks. How about the risks that a16z had no trouble identifying, probably without spending 8 months thinking about it? Like, the founder is an immature scumbag who plays video games during important phone calls, and who has no concept of "financial controls"? Was it practicable to eliminate that risk?