I would have been embarrassed to release it in the first case even if FTX were doing great. The investors were impressed that SBF was playing League of Legends during a fundraising meeting. They thought it was a good thing.
I've never been much of a believer in (stale, traditional) "honor-bound" business, where people are offended by rude behavior and personal slights and everyone has to dress up and speak properly. But my God, I'm starting to hope that it makes a comeback. Imagine losing a huge chunk of your savings to a scruffy man-child who played video games in the meeting where he was awarded the cash it took to ruin you.
Ditching the suit is fine. Playing video games during a meeting is a red flag, and not only because it’s shockingly rude.
What I find especially amusing is that it is described as if Sam was somehow a genius for playing while talking in a meeting. It takes literally no intellectual effort to play a game once you’ve played it a lot, it’s like driving or eating. Only thing it shows is probably a high level of uncontrolled boredom/stress/anxiety that had to get out somehow. Hard to believe the “experts” at Sequoia and co fell for it.
Back in my day you just had to show up to a pitch meeting in a hoodie.