>>5517331>>5517395In the past I did encounter some VCs who seemed intelligent including Bill Gurley and also Alfred Lin at Sequoia though he is humiliatingly mentioned in the web archived version of that article (it is super long and reads as an infantile and gushing infatuated panegyric)
https://web.archive.org/web/20221109230422/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/There is a saying that capitalism is the journey from being to having to eventually just seeming.
Well it seems people these days are more fascinated with the representation of things compared to real phenomena, I was just surprised that it caught out VCs like Sequoia lol.
It is quite revealing how Sam Bankman-Fried wreathed himself in all the effective altruism philanthropy hypocritical charity nonsense, which is completely the opposite ethos to the Gordon Gekko greed is good era.
https://www.americanrhetoric.com/MovieSpeeches/moviespeechwallstreet.htmlIf you played some of my quests and game settings you can probably tell I am rather cynical about charities NGOs and philanthropy,
(pic rel
>>5515272 )
the best way to understand charity is to see it as a transactional industry competing against others for funding access. Another way to understand charity and NGOs would be as a means of camouflaging or laundering the intentions and actions of certain organisations or ultra high net worth individuals.
Nomen est omen, I mean the clue was in his name lol "Bankman-Fried?!?", maybe if you change your name to FraudCrime MoneyBriber you too will be able to raise 400m and then vapourise a USD32b valuation.
November 10, 2022
Sequoia Capital marks its FTX investment down to zero dollars
https://techcrunch.com/2022/11/09/sequoia-capital-marks-its-ftx-investment-down-to-zero-dollars/ 