71–80 of 221 posts
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> It was wiped away with a phone call. In March 2025, Trump called Milton to tell him he had signed an unconditional pardon. Milton had styled himself as a political victim of the Biden administration, and Trump agreed. Birds of a feather flock together.
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Having a great exit is the golden dream for VCs. But having founders that raise lots of money also have a value in itself even if the business fails in the long run.
But you also have to build a business with the money you raise, or else you kill your reputation along the way.
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But you also have to build a business with the money you raise, or else you kill your reputation along the way.
As the founder, yes. For the VCs there's not a lot of consequences by having hyped things like Theranos or WeWork.
I cannot fathom the thinking of any party investing in the new company of a convicted fraudster.
> In August [2022], it was announced that Andreessen Horowitz had invested in Neumann's new residential real-estate company, Flow. source: https://en.wikipedia.org/wiki/Adam_Neumann
"Investor documents reviewed by The Wall Street Journal said the goal is for the plane to be the first light jet to focus on artificial-intelligence flight." Oh cool, can't wait for the vibe-coded autopilot to CFIT into the Rockies or dump itself into the ocean that it thought was totally a runway while a completely untrained, inexperienced hot shot with $10 million to blow flies this generation's V-tailed doctor kil…
What is it even supposed to mean ? Airplanes have had autopilot (the genuine kind, not Musk's snake oil) for ages now. Commercial airlines have been using autoland on well-equipped airports for decades. Garmin's fully autonomous emergency autoland has already saved a few Cessna owners' lives. With the ongoing adoption of CPDLC the ATC-to-pilot link is also actively being automated and standardized. There are no big t…
The Garmin Autonomí autoland system is an amazing technical achievement but it's intended as a last-ditch way to save the passengers when a Part 91 single pilot is incapacitated. It would never be approved for routine non-emergency use and can't even take VHF radio instructions from controllers.
Just for once I want "CEO convicted of fraud making their comeback" to come back with some really boring business. Like, I want Elizabeth Holmes to serve out her sentence then come out swinging to raise funds to vertically integrate pallet construction.
How about Holmes comes back and works at Starbucks? Why should we want known criminals and con artists back in positions of power and trust? Investing in someone like that is a breach of fiduciary duty. Give the opportunity to some worthy unknown, not known liars and criminals.
I wouldn't trust her to make my coffee.
The President has plenary authority to grant pardons and I imagine a time, in the near future, when questioning any authority of this administration would he deemed an act of treason. Therefore, I wish only the best of luck to never-committed-a-crime Trevor Milton and to the infallibility of our dear leader in his wise and judicious use of the power he has been given by God and the Constitution.
Whenever I see any news about this guy, I always think of this: https://news.ycombinator.com/item?id=38686150