FTX

“The thing that strikes me, and it's a kind of a general thesis that someone told me the other day, I bore on about too much, but I bore on about it because I think it's fascinating, is that there's no software questions here. That this is like, you know, as fo…”

“Silicon Valley people kind of raise an eyebrow that Sequoia put a hundred and fifty million into this thing without taking a board seat, although those same Silicon Valley people would probably have done the same if they could have got into it, and they were n…”

“FTX was selling Wall Street to non-Wall Street people. In this case, it's an, it's a funny, you could almost say it's an increase at Sequoia with the unsophisticated investors who got taken to the cleaners by some clown from hedge fund land.”

“The SEC's approach to regulating crypto has been a mess, and that's pushed stuff offshore. So that's pushed people who wanted to trade to go to things like Binance and FTX because they couldn't do it in the US.”

“I think eight out of the 10 teams on the grid have a giant crypto sponsor, FTX being one of them, Binance being another, which is also fascinating, but that's a whole other story for another day.”

“In particular, in this case, you know, you could argue that Celsius or Terra Luna are actually much better, much bigger challenges to the concept of cryptocurrencies than this. This is just somebody who stole it. This doesn't invalidate the concept of a thing.…”

“I think regulating AI, quote unquote, is the wrong level of abstraction. To me, that's like saying, well, look, you know, FTX did all this fraud with spreadsheets, so clearly we need to regulate spreadsheets.”