Joi Ito raised money from and invested with Jeffrey Epstein

media.mit.edu

5 pointsmsghacq4 comments

This title seems to bury the lede.

The money is being returned and funds will be raised to support trafficking victims:

"I vow to raise an amount equivalent to the donations the Media Lab received from Epstein and will direct those funds to non-profits that focus on supporting survivors of trafficking. I will also return the money that Epstein has invested in my investment funds."

I don't think the lede is that he's giving back the money now that all of this has become public. I think the lede is that Ito raised money, coinvested with and visited multiple homes of Epstein after Epstein became a convicted sex offender.

Perhaps, though as Ito is the author here, perhaps the author's title "My apology regarding Jeffrey Epstein" is more appropriate?

I don't think that's the important part of this post. It's the first place that confirms that Ito and MIT raised money from Epstein; a fact they've denied in the past [1]. It's also the first mention that Ito allowed Epstein to co-invest in his startups.

* [1] https://twitter.com/David_Ingram/status/1162457071633293312

Reply on news.ycombinator.com