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Every VC company in the valley was scammed. FTX was seen as the pinnacle of exchanges.
by giarc 4y ago
Every VC company in the valley was scammed. FTX was seen as the pinnacle of exchanges.
- largepeepee 4y agoThe VC model is also pretty stupid or at least not worth trusting that they did due diligence. They pretty much just threw money at everything that moves in SV and hope they become real companies. Their months of background research? "He graduated from an ivy league school and is rich, he must trustworthy"