I've seen people calling SBF and Caroline Ellison "kids." Scandals surround Biden's "child" and Trump's "children." These "kids" are stepping back as it becomes clear that they're teetering on the brink of a collapsing economy, possibly because they were overconfident about bitcoin.
Common theme: these are all grown-ass adults of 30+ years. I'll be honest, I have trouble believing that I'm an adult and I'm over 40. I hate to say it, but... was Gen X the last generation of adults?
"Adulthood" is just an arbitrary marker usually defined by some form of hazing. As we reject traditional rites of passage and ritual markers of "adulthood" (or they are withheld from us like home ownership or family rearing becoming unaffordable) adulthood becomes elusive.
I don't care one yotta. Everything about this monkey society life is utterly arbitrary.
> It lets other businesses such as software companies sell their future recurring revenue to large institutional investors for cash the borrowers can spend immediately.
Add some crypto to the mix and that's a recipe for disaster.
That model sounds like something only leading to horrible things...
But they are a middle-man company selling shovels. So with proper connections and management it is not horrible model. If there is demand on side supplying the loans.
I know that SV has a soft spot for repeat founders, I wonder if this sort of behaviour will reflect badly on them the next time they try and raise funds. Either more is going to come out about fraud/terrible decisions, of these guys gave up absurdly easily.
d23|3 years ago
klyrs|3 years ago
Common theme: these are all grown-ass adults of 30+ years. I'll be honest, I have trouble believing that I'm an adult and I'm over 40. I hate to say it, but... was Gen X the last generation of adults?
namaria|3 years ago
I don't care one yotta. Everything about this monkey society life is utterly arbitrary.
redanddead|3 years ago
halestock|3 years ago
Add some crypto to the mix and that's a recipe for disaster.
Ekaros|3 years ago
But they are a middle-man company selling shovels. So with proper connections and management it is not horrible model. If there is demand on side supplying the loans.
SilverBirch|3 years ago
rogerkirkness|3 years ago
nivertech|3 years ago
Also, does anyone have a typical org chat of the early stage or unicorn fintech startup?