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> I'm always somewhat amazed that Chamath Palihapitiya doesn't have a much worse reputation: One of the thing he did right was to call out the VCs involved in
by TacticalCoder 3y ago
> I'm always somewhat amazed that Chamath Palihapitiya doesn't have a much worse reputation:
One of the thing he did right was to call out the VCs involved in the FTX scam. They all turned a very blind eye to SBF's wrongdoings while any five minutes googling before investing would have led to posts explaining the very scam SBF was running. VCs basically basically participated in the pump and dump of shit tokens by FTX. To me they're complicit in the FTX scam.
Not even five minutes. Two minutes of googling was all it took to discover who SBF really was. But I take it maybe the VCs knew but still wanted their share of the scam.
Chamath Palihapitiya very clearly talked about this: at best the complete lack of due diligence and amateurism, at worst being complicit in the Alameda/FTX scam.
He used the term "our own brethren" to refer to VCs participating and encouraging the FTX ponzi.