[cloutchaser]

How are sequoia funds doing these days? If your point would be correct it would suggest these types of old VCs have already gotten their money out in some insider trading phase.

They didn’t. And they just lost $400m on just FTX. Their portfolio is massively down too. How is SoftBank doing? The biggest of them all? They are at record losses.

Despite your Marxists leanings, life is not about exploitation and rich vs poor. It’s an easy assumption to make, but it’s completely wrong.

[somethoughts]

Since this cycle lasted so long there has been dumb money in the game for awhile (i.e. SoftBank, Tiger). Actually since so many pension funds and endowments were chasing yield, as you mention even some of the smart money like Sequoia succumbed and became dumb money to make fees.