Re:Bankman-Fried and FTX Execs Received $4.1B in Personal Lo...
by ilrwbwrkhv on Thursday November 17, 2022 @09:10PM
(#33648946)
How many of that billions flowed into Sequoia pockets too is the question ;)
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Re:Bankman-Fried and FTX Execs Received $4.1B in Personal Lo...
by notch656a on Thursday November 17, 2022 @10:24PM
(#33649679)
Exactly lol. Way too many people are getting hung up on how sophisticated VC / funds could have invested in FTX/SBF. We often forget these "investors" want above all an exit plan where they get their money back and more. They couldn't give a shit if the company is run with a balance sheet drawn in mspaint with the spraypaint tool by teenage ponzi schemers as long as they know they get the exit before it topples down.