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A comment on Sam Bankman-Fried Has a Savior Complex (September 2022). Parent comment

Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by NickC25 on Thursday November 10, 2022 @12:57PM (#33550458)
I get that - but my hunch is that if VC firms were able to invest the amount that they did, he probably had the ability to sell more of his stake in the company if he wanted to.

Granted, with what we know now, that does fit the definition of securities fraud.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by tempsy on Thursday November 10, 2022 @01:00PM (#33550517)
if you’re lucky you can do small secondaries

but there’s no cashing out, quitting, and walking away to a beach somewhere after raising billions of dollars…it’s just not an option

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by adrr on Thursday November 10, 2022 @01:29PM (#33550939)
They paid the WeWork founder $1.7B to step down.

https://en.wikipedia.org/wiki/Adam_Neumann

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