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> Venture Investments and Related Parties: The FTX Group’s venture investments were marked by a lack of due diligence, rapid decision-making, and unsupported va
by woah 2y ago
> Venture Investments and Related Parties: The FTX Group’s venture investments were marked by a lack of due diligence, rapid decision-making, and unsupported valuations. Many investments involved entities tied to senior FTX executives, further complicating the financial landscape and recovery efforts .
Seriously asking- how does this differ from any other VC fund?
- itsoktocry 2y agoThere's a lot of sketchy finance that nobody cares about...until you lose a lot of other people's money.
- doctor_eval 2y agoA VC fund is set up explicitly to operate this way. Investors know what they’re getting into; investors are the customer and are aware of the risks. They know they’re gambling. FTX was supposedly a safe place to exchange funds, the customers were uninformed as to the risks they were taking. In fact they were encouraged to believe the risks were low. They did not know they were gambling. It’s really different.
- rybosworld 2y agoThe primary difference is that FTX was far more reckless than the typical VC.
- wmf 2y agoNah, the difference is that FTX was investing stolen money. No one would care otherwise.
- iamacyborg 2y agoI’d be amused if FTX made better investments than the average VC fund.
- refulgentis 2y agoYou're right, it doesn't: this isn't human insight, it is GPT spam