Lurking between the skeets.
A lot of people are making a lot of money from "failure". If they weren't, they wouldn't keep doing it.
A lot of people are making a lot of money from "failure". If they weren't, they wouldn't keep doing it.
VC's make more money from unrealistic sci-fi plans that are doomed to fail over a 10 year window
It just needs to be a plausible enough story to build a fund on.
VC's make more money from unrealistic sci-fi plans that are doomed to fail over a 10 year window
It just needs to be a plausible enough story to build a fund on.
You ALSO have a guaranteed management fee of 2% of AUM per year. So you create a $1B "Deep Tech" fund, that's $20M a year. These sci-fi projects take 10 years to fail. That's $200M.
You ALSO have a guaranteed management fee of 2% of AUM per year. So you create a $1B "Deep Tech" fund, that's $20M a year. These sci-fi projects take 10 years to fail. That's $200M.
It's the old Assets Under Management con. It should be illegal.
@wsj.com
www.wsj.com/tech/bezos-a...
It's the old Assets Under Management con. It should be illegal.
F that!
www.404media.co/ice-and-cbp-...
www.404media.co/ice-and-cbp-...
“I’m an American citizen so leave me alone”
“Alright, we just got to verify that”
www.404media.co/ice-and-cbp-...
“I’m an American citizen so leave me alone”
“Alright, we just got to verify that”
www.404media.co/ice-and-cbp-...
He let them hide in his unit for the next 3 days.
chicago.suntimes.com/immigration/...
It gets weirder: CNN uploaded the interview with the “plenary authority” comment edited out.
1/2
It gets weirder: CNN uploaded the interview with the “plenary authority” comment edited out.
1/2