This week we’ve learned that most VCs only know how to wire rich people’s money to startups yet they don’t understand how money or banks work.
Sweet.
@true72@amobisays
My favorite part is the panic from all the hustle bros.
I’m so confused bc they always say they grinded and hustled their way to the top? But potential overdrafts and a missed payroll?? Panic at the disco.
The lack of financial literacy on display is a sight to behold.
Zero comprehension of bonds, deposits, what the FDIC is and does, and finally how money works.