@arampell I decided over break I was going to try and escalate my issues with tech support at Apple. My daughters are making videos laughing at me while I try and get tech support to understand / address the issues.
If SBF wanted evidence he is not a brilliant evil genius and this was all a big mistake, investing $1bn of stolen money in a bitcoin miner at the very top of the market feels like a very constructive Defense Exhibit A (my cousin vinnie level)
@ZJKaplan@jmover Amazing! I literally sat in a conference room with the board of a top 10 global bank yesterday and told them I do not believe anyone has a competitive advantage of underwriting in a regulated market. They did not react well.
@roosontheloos They took peoples deposits (not investments, deposits), gambled them and lost. There is no FDIC in crypto; depositors are lucky to not be zeroed. That brand can be thought to have value is insane.
@mattturck Growth is not dead. Tourists are gone 👋 and with them the nonsensical valuation environment. Good companies will be funded and persevere, although some may have to recalibrate their unrealistic expectations. Who is actually a long term partner will quickly be apparent.
@fintechjunkie I fear extreme capital inefficiency has been somewhat normalized in the tech world due to crazy revenue multiples. Hard habits to break. Unit economics down to the bottom line matter. Best companies always drive returns on their invested capital …