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Sequoia has marked its investment in FTX down to $0

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Re: Sequoia has marked its investment in FTX down to $0

#51
post #16

I actually talked to Sam for a bit in the "early days" and he always seemed like an OK guy. Approachable and "honest" which makes this all the worse... I kept asking "why start an exchange when you're killing it with Alameda?" and his response seemed to consistently be about wanting to make a better product and legitimize crypto... ugh, don't even know what to think now... if that was all a front. It's really odd to…

It’s a regular failure mode in human interactions. Just because someone is attractive/charismatic/sincere doesn’t mean they should be taken seriously, and just because someone is ugly/inarticulate/creepy doesn’t mean they should be disbelieved. Extreme idiocy and true genius are just invisible to most people (before the fact), and the discerning folk get only Schadenfreude.

Re: Sequoia has marked its investment in FTX down to $0

#53

$0. That sounds about right. Wow.. I think Mr. Bankman's wealth was $100 billion in Jan 2022 according to a Fortune estimate. I wonder what would have happened had CZ not made that tweet. Hmm...makes you wonder who profited from all of this. Imagine if binance bought puts on BTC before this announcement.

> not made that tweet

Which tweet?

Re: Sequoia has marked its investment in FTX down to $0

#54
post #6

This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlig...

It won't because they already changed it.

It will forever be on archive.org though:

https://web.archive.org/web/20221110010120/https://www.sequo...

Re: Sequoia has marked its investment in FTX down to $0

#55
post #49

Earlier quoted context omitted.

I mean, MIT, Harvard, LSE, Chicago and others have Econ course lectures on YT. You can watch lectures from lecturers that students at these institutions have trouble getting access to. Don’t be so sure that you can’t learn from the absolute best on YT.

A YT video does not give you assignments, reading lists or office hours to ask questions in. I'd question the value of OCW-only autodidacts, in much the same way I would someone who claimed fitness training is unnecessary because he already knows about proper form having Arnold Schwarzenegger's VHS workout tapes.

That’s Peloton’s entire business model lmao
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