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I can't help wondering if Marc is embarrassed to have his name on this.
by rideontime 3y ago
I can't help wondering if Marc is embarrassed to have his name on this.
- JumpCrisscross 3y ago> can't help wondering if Marc is embarrassed to have his name on this Assuming 1% annual management fees, Andreessen Horowitz has made over $120mm on its crypto funds [1]. It prints at least $75mm a year irrespective of performance. Marc is fine. [1] ($350mm x 5y + $515mm x 3y + $2.2bn x 2y + $4.5bn) x 1%
- rideontime 3y agoI guess "embarrassed" is the wrong word. Ashamed?
- rvz 3y agoWhy should VCs like Marc care? Because when there is an opportunity to make money out of regulatory loop holes they don't care about articles from individuals, squeaking after the fact. The worst that will happen is a slap on the wrist, give the regulators parts of the money and that is it. For decades, there is always a regulatory loop hole that is exploited by opportunists and the regulators will fix it up later. Either way, the rich players get away with it before the rules are in place or pay a small fine after netting massive returns. This is no different to the lies and the grifts already happening in AI. Both crypto and AI will have their regulatory loop holes patched up and will increasingly get harder to get away with it.