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Trevor Milton is raising funds for a new jet he claims will transform flying

wsj.com

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Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#161

Post by helpful-guy »

game_the0ry wrote: post #51
exogeny wrote: post #38

Earlier quoted context omitted.

There was a great Money Stuff blurb about that w/r/t Adam Neumann. I can't find it to quote it directly, but the gist was that if you disabuse yourself of the notion that Neumann was playing a game of entrepreneurship and good-faith empire building, and instead conclude that the game he was playing was shameless capital extraction, every step and action he took suddenly makes sense. The truly amazing thing, especiall…

> ...if you disabuse yourself of the notion that Neumann was playing a game of entrepreneurship and good-faith empire building, and instead conclude that the game he was playing was shameless capital extraction, every step and action he took suddenly makes sense. Sort of. I get the capital extraction part, but you also need to be a good steward of capital and make a profitable business out of it. He failed badly at t…

Ironically Neumann's latest startup is funded by a16z.

Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#162

Post by cjbgkagh »

lo_zamoyski wrote: post #156
jjk166 wrote: post #139

Earlier quoted context omitted.

"Hey this guy fooled a lot of people last time and the people who got in and out early made a killing. This time I'm going to get in early." "He's got the hustle to do what it takes to succeed and is unencumbered by a moral compass. Gotta break a few eggs to make an omelet." "Pssh that's nothing compared to the fraud I committed to get here. Fake it till you make it baby!" "It takes balls to defraud powerful people a…

"I respect the machismo." I believe the word he was looking for is "chutzpah", and no, it isn't a virtue, and no, it cannot be respected. Trash.

“gall” has the more negative connotations.

Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#163

Post by manicennui »

lovich wrote: post #141
kjksf wrote: post #37

Earlier quoted context omitted.

No because you don't understand what Andreessen means by reflection / introspection. He obviously thinks you should learn from your mistakes and that you must be an avid and quick learner. But learning skills is not what introspection / dwelling is. It's spending times on thoughts like "what should I be doing with my life". "I can't believe how much of a victim of the system I am". And he specifically contrasted it a…

Did we not understand when he said introspection was something made up in the past few hundred years? I was aghast when he said it right in front of my copy of Meditations given how much these guys also obsess over the Roman Empire

Not trying to defend these assholes, but the author of Meditations was not exactly a good guy.

Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#164

Post by moralestapia »

game_the0ry wrote: post #18

I struggle to understand the psychology of how founders who are clearly incompetent charlatans get second+ chances -- they couldn't do fraud successfully but investors have a faith they could do business successfully. But they still get funding (like adam neumann of wework fame) and full on "narrative tongue baths" by the business media community (like this wsj article on trevor milton). Why? I struggle to understand…

I can guarantee you that Elizabeth Holmes will get a big bunch of funding for a new startup as soon as she's out of jail.

Even with SBF I'm 50/50 on that.

Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#166

Post by xbryanx »

game_the0ry wrote: post #18

I struggle to understand the psychology of how founders who are clearly incompetent charlatans get second+ chances -- they couldn't do fraud successfully but investors have a faith they could do business successfully. But they still get funding (like adam neumann of wework fame) and full on "narrative tongue baths" by the business media community (like this wsj article on trevor milton). Why? I struggle to understand…

Well, here we all are clicking the link and engaging in a discussion on the loathsome creep. Attention, attention.

Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#167

Post by snvzz »

nerevarthelame wrote: post #36

On top of the fraud convictions, Trevor Milton was credibly accused of sexual assault by his own cousin and a girl he employed. Both victims were minors at the time. https://www.cnbc.com/2020/09/29/two-women-file-sexual-abuse-...

[dead]

Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#168

Post by cosmicgadget »

kotaKat wrote: post #5

"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…

The beauty of aviation is that there is so much red tape required to fly that you can have the plane sit in a hangar for ages before the music stops.

Not like a truck where people quickly wonder why they haven't seen it in motion.

Re: Trevor Milton is raising funds for a new jet he claims will transform flying

#170

Post by BobbyTables2 »

philipwhiuk wrote: post #49
madeofpalk wrote: post #45

Earlier quoted context omitted.

I recently invested a small amount of money in an early stage company where I had to declare I was either a 'high net worth individual' or a 'sophisticated investor'. The mutually exclusive clause seemed important to me.

Maybe you become both by not investing in such a company.

And the beauty is that one also becomes not both by investing in such a company!
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