What was it about FTX's lack of internal controls or experienced decision-makers which only TVG was able to identify as a source of value?
https://www.otpp.com/en-ca/investments/our-investments/teach...
Sequoia, Third Point Iconiq etc. Coinbase Ventures gave them money. Blackrock was an investor.
If you want to see FTX as an indictment of the entire venture industry I think there is an argument to be had there. But picking on OTP is just a lazy rhetorical device. They made a similar investment to other funds in the industry they are in, that was a reasonable size of their portfolio in an investment style known to be risky.
Your fourth example, Blackrock, is tellingly neither a seasoned venture fund nor an experienced crypto investor.