It's easy to blend in when confidence and signaling are the driving forces of valuations, hiring, funding, etc. You can fake it until you make it if you don't break the law too much and you make it to success (Uber's IPO, Tesla's ongoing financial stability and having reached escape velocity). You cannot if you end up not making it, or your break the law too much. Sequoia (supposedly sophisticated investment managers) got snowed for $210M with FTX, Softback lost somewhere between $10B and $20B on WeWork, not a great sign!
I didn't think your comment deserved to be flagged, it is a legitimate ask and observation (WeWork, Theranos, FTX, Lichtenstein and Morgan's bitcoin theft, possibly these "little fry lies", etc), but I am unable to vouch.
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It's easy to blend in when confidence and signaling are the driving forces of valuations, hiring, funding, etc. You can fake it until you make it if you don't break the law too much and you make it to success (Uber's IPO, Tesla's ongoing financial stability and having reached escape velocity). You cannot if you end up not making it, or your break the law too much. Sequoia (supposedly sophisticated investment managers) got snowed for $210M with FTX, Softback lost somewhere between $10B and $20B on WeWork, not a great sign!
I didn't think your comment deserved to be flagged, it is a legitimate ask and observation (WeWork, Theranos, FTX, Lichtenstein and Morgan's bitcoin theft, possibly these "little fry lies", etc), but I am unable to vouch.