I don't any have any cent invested in all this crypto madness, but I would have expected bigger fish to fry as a result of all this shitshow.
For example the head of SEC itself to fall [1]. Or maybe the VC industry itself to see material consequences of its amateur-hour due-diligence, and I'm not talking about the couple of hundred million of not their money that Sequoia lost on this, but of withdrawals worth tens of billions out of an industry that is run by know-nothings (and who know-nothings bring our industry down as a whole as a result of their shitty resource allocation).
I don't any have any cent invested in all this crypto madness, but I would have expected bigger fish to fry as a result of all this shitshow.
For example the head of SEC itself to fall [1]. Or maybe the VC industry itself to see material consequences of its amateur-hour due-diligence, and I'm not talking about the couple of hundred million of not their money that Sequoia lost on this, but of withdrawals worth tens of billions out of an industry that is run by know-nothings (and who know-nothings bring our industry down as a whole as a result of their shitty resource allocation).
[1] https://twitter.com/EpsilonTheory/status/1591182630942539776