4 ms·
Their money is gone. Their reputation is tarnished among founders and LPs alike for the next 2-3 years. The partners/analysts who were in awe of SBF have become
by vishnugupta 4y ago
Their money is gone. Their reputation is tarnished among founders and LPs alike for the next 2-3 years. The partners/analysts who were in awe of SBF have become a laughing stock. I'd say VCs have greatly suffered. But then they will brush it under the carpet in the pretext of "that's the risk we are willing to take while chasing 1000x returns" and I guess that's fair. They voted with their money and reputation and lost both.