41–50 of 196 posts
Vc are always the first to take ownership of the success of one of their company but also the first to blame the founder when it goes wrong
(Quoted from Stephen Spielberg but I don't know where he got it from)
Earlier quoted context omitted.
I always wonder about escape plans when people are doing really dodgy things with large amounts of money. Do you come up with an escape plan when you start doing the thing you know is probably illegal and will definitely get you in serious trouble if it doesn't work? Or do you just convince yourself it's gonna work, because it worked for long enough to convince you that you're too smart to fail? I think I'd get me an…
From all accounts this situation has moved far quicker than anyone expected. There's tweets that say that CZ wasn't trying to tank FTX with his "I'm selling FTT" announcement but rather just wanted to fire a shot across the bow. And we should believe him when he says that this isn't good for him or the industry - because it really isn't. And so in this case you have a few days to make a simple binary decision. Do you…
It’s the altruistic choice.
Vc are always the first to take ownership of the success of one of their company but also the first to blame the founder when it goes wrong
"Success has a thousand parents, failure is an orphan" (Quoted from Stephen Spielberg but I don't know where he got it from)
Normally attributed to Galeazzo Ciano, son-in-law of Benito Mussolini.
Earlier quoted context omitted.
I think all archive links are auto-flagged, I guess as spam prevention.
to clarify, auto-flagged when submitted as top-level posts, not when submitted as comments.
Earlier quoted context omitted.
I don’t think this comment applies here. They portrayed the founder in a very positive light initially.
Doesn't it exactly apply? They published profiles on their site and associated themselves closely with SBF until this week, when everything unraveled.
I would have been embarrassed to release it in the first case even if FTX were doing great. The investors were impressed that SBF was playing League of Legends during a fundraising meeting. They thought it was a good thing.
He will get away clean.
No, he stole from the rich. They'll track him down and make an example of him.
He will get away clean.