Nigel Sanders
@nesloq.bsky.social
Owner | Head Printer in Charge of PrintersaurusRex.com
Lurking between the skeets.
Lurking between the skeets.
Reposted by Nigel Sanders
If you've ever wondered why tech bros keep trying to cram things down your throat that nobody wants, nobody asked for, could never turn a profit and never actually work, frankly -- this is why.
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.
December 11, 2025 at 9:56 AM
If you've ever wondered why tech bros keep trying to cram things down your throat that nobody wants, nobody asked for, could never turn a profit and never actually work, frankly -- this is why.
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.
Reposted by Nigel Sanders
This management fee scam is also why founders with great ideas and great execution in realistic addressable markets don't get funded.
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.
December 11, 2025 at 9:52 AM
This management fee scam is also why founders with great ideas and great execution in realistic addressable markets don't get funded.
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.
Reposted by Nigel Sanders
How do VC's make money from failed bullshit? Fee structure. Say you're a VC with a 20% carry if the venture succeeds.
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.
December 11, 2025 at 9:37 AM
How do VC's make money from failed bullshit? Fee structure. Say you're a VC with a 20% carry if the venture succeeds.
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.
Reposted by Nigel Sanders
“Don’t let the bastards grind you down. I love you all.”
November 15, 2025 at 6:15 AM
“Don’t let the bastards grind you down. I love you all.”
Reposted by Nigel Sanders
New incredible detail here: ICE says a match in its facial recognition app Mobile Fortify is a "definitive" determination of a person's status, and that this overrides birth certificates. This is an app ICE is using in the field to scan people
www.404media.co/ice-and-cbp-...
www.404media.co/ice-and-cbp-...
October 29, 2025 at 3:03 PM
New incredible detail here: ICE says a match in its facial recognition app Mobile Fortify is a "definitive" determination of a person's status, and that this overrides birth certificates. This is an app ICE is using in the field to scan people
www.404media.co/ice-and-cbp-...
www.404media.co/ice-and-cbp-...