18 Nov 2022

Leftie Rich Kids From the Best Schools, They Obviously Could Not Fail

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Yuri Bezmonov points out that elite cronyism revolving around Environmental, social, and governance (ESG) virtue-signaling investing resides at the root of the FTX/Alameda Investing debacle.

Most articles I’ve read about FTX are analyzing the mechanics of how it imploded, but they are not going deep on the characters involved because that would be politically incorrect. Have no fear, Yuri is here! It is the perfect story to dissect that includes pattern recognition, crony elitism, and physiognomy. The diligence below will grow more savage as you keep reading.

FTX CEO Sam Bankman-Fried (SBF) is the quintessential soy bugman. Rule of thumb – never trust a vegan who wears cargo shorts with white socks. His parents were Stanford professors and his mother is a Democrat NGO bundler. SBF funneled $50 million to Democrats in this midterm cycle, second only to the perennial heavyweight George Soros. “Effective altruism” + “democracy” = stealing from people to give to Democrats. He also fraudulently transferred FTX customer money into his own hedge fund Alameda, run by soy bugwoman ex-girlfriend Caroline Ellison.

The most underreported part of this tale is on the other side of the table – the investors. Sequoia is regarded as the one of the greatest venture capital firms of all time with a storied history of grand slams including household names like Apple, Cisco, Google, Instagram, LinkedIn, PayPal, Reddit, Tumblr, WhatsApp, and Zoom. It has $85 billion in assets under management. Roloef Boetha is its well-respected leader, who was part of the legendary Paypal Mafia that included Elon Musk, Peter Thiel, David Sacks, and Keith Rabois.

At the peak of the bubble in Summer 2021, Sequoia plowed $214 million into FTX. As is custom with smug VCs, they announced their investment with a 13,000 word epic of self-congratulatory masturbatory propaganda fellating the brilliance of SBF. They have deleted the piece from their website to hide their embarrassment, but the internet never forgets and archived it in full here. The worst moment came when the partners were simping over SBF’s pitch, while he was simultaneously playing a video game.

RTWT

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Evil Daze: You’ve not escaped. You are simply at liberty for the moment. Prepare accordingly.

[…] FTX CEO Sam Bankman-Fried (SBF) is the quintessential soy bugman. Rule of thumb – never trust a vegan who wears cargo shorts with white socks. His parents were Stanford professors and his mother is a Democrat NGO bundler. SBF funneled $50 million to Democrats in this midterm cycle, second only to the perennial heavyweight George Soros. “Effective altruism” + “democracy” = stealing from people to give to Democrats. He also fraudulently transferred FTX customer money into his own hedge fund Alameda, run by soy bugwoman ex-girlfriend Caroline Ellison. . . . . At the peak of the bubble in Summer 2021, Sequoia plowed $214 million into FTX. As is custom with smug VCs, they announced their investment with a 13,000 word epic of self-congratulatory masturbatory propaganda fellating the brilliance of SBF. They have deleted the piece from their website to hide their embarrassment, but the internet never forgets and archived it in full here. The worst moment came when the partners were simping over SBF’s pitch, while he was simultaneously playing a video game. — From Never Yet Melted » Leftie Rich Kids From the Best Schools, They Obviously Could Not Fail […]



Seattle Sam

50 years ago, smug, self-congratulatory, know-it-all jerks were scorned. Now, as long as they’re Woke, they are extolled. The real results haven’t changed much.



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