Hm... I though 'fake money' had something to do with social network valuations... If so, Marc indeed should know everything about that.
Anyway, I just wanted to say a word in defence of poor hedge fund managers. Some members of this forum will get rich enough to use their services (or become one of them -- like Peter Thiel). Recycling populist cliches about evil bankers and globalisation is soo like... Reddit? ;)
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1gor, you're douching up this thread.
That's fake money. As Marc Andreesen pointed out, U.S. taxpayers paid the Bear Stearns CEO $60M in cash, directly:
http://blog.pmarca.com/2008/03/congratulations.html
PEACE
Hm... I though 'fake money' had something to do with social network valuations... If so, Marc indeed should know everything about that.
Anyway, I just wanted to say a word in defence of poor hedge fund managers. Some members of this forum will get rich enough to use their services (or become one of them -- like Peter Thiel). Recycling populist cliches about evil bankers and globalisation is soo like... Reddit? ;)