> then VCs gave him stacks of cash to start some new company anyways? Because he didn't do anything wrong. His bet failed. And that's kinda it. The VCs are no

> then VCs gave him stacks of cash to start some new company anyways? Because he didn't do anything wrong. His bet failed. And that's kinda it. The VCs are not some idiot innocent people. They bought into his vision and made a calculated bet, which failed. Failed bets in the VC world aren't uncommon. Adam is a world-class negotiator being able to take out the secondary that large. That in itself is legendary. Prop to him on taking out secondaries. More founders should take higher secondaries.