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>"I'll add my own opinion which is that he seems to—at least on some level—legitimately believe that all of this is extremely complicated and impossible to unde
by bogomipz 4y ago
>"I'll add my own opinion which is that he seems to—at least on some level—legitimately believe that all of this is extremely complicated and impossible to understand unless you're someone of his intellectual caliber."
Yes and I think that was an image he actively sought to cultivate. This is the whole "cult of the genius" trope that the VC's want us to believe in. This is where you hear people regurgitating things like "he's playing 3D chess", whatever that is means.
Perhaps a telling bit of this chicanery is this incident:
>"In this context, the most telling detail in the FTX saga doesn’t have to do with dubious tokens or suspicious accounting. Rather, it involves League of Legends, the massive multiplayer online game that is a favorite of FTX founder Sam Bankman-Fried. In September, the tech venture-capital firm Sequoia Capital published a profile of “SBF” on its website, explaining how the crypto prodigy convinced the firm to invest some $200 million during a Zoom meeting—while playing League of Legends the whole time."[1]
Further from this same source:
>"What’s significant isn’t just that the now 30-year-old entrepreneur didn’t think it necessary to give the deal his full attention. It’s that Sequoia published this detail in an article meant to advertise its FTX investment. (The article was taken down after the firm began to collapse in early November.) Far from seeing Mr. Bankman-Fried’s gaming as a worrisome example of distraction and disrespect, Sequoia was impressed by it and expected readers to have the same reaction."[1]
[1] https://archive.vn/AiEEO#selection-243.48-247.34 https://archive.vn/AiEEO#selection-243.48-247.34
- ricktdotorg 4y ago> the crypto prodigy convinced the firm to invest some $200 million during a Zoom meeting—while playing League of Legends the whole time VC's deserve to be crushed for acts such as this. imagine giving $200 million to a 30 yr old who is playing games on critical investment calls!!! inconceivable -- from all angles.