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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by frozenport on Thursday May 12, 2022 @03:19AM (#31350300)
How are VCs making money?

They invested $$$ and the company became insolvent?

Don't the investors loose?

[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by adhesive_wombat on Thursday May 12, 2022 @03:23AM (#31350334)
Only if they're drinking their own koolaid and not constantly cashing out the fresh, real money that new marks bring to them as their stake in the market.
[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by onion2k on Thursday May 12, 2022 @04:01AM (#31350625)
VCs don't make all their money from exits. A lot comes from fund management fees. Investing (someone else's) money in a business and then charging 5% from managing that investment is quite lucrative when the values are high enough.
[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by gerikson on Thursday May 12, 2022 @03:23AM (#31350333)
VCs are just as susceptible to being fooled as anyone else.
[ Parent | on HN ]