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Comment by itsoktocry | Hacker News Reader

>but a16z's $350M investment in Adam Neumann's newest Thing makes me think that we are still flush with money ready to be thrown at anyone that has the connections to get a coffee chat in Sand Hill Road.

They have loose morals.

Kevin O'Leary, of Dragon's Den fame, who is now a creditor in the FTX bankruptcy (ie wiped out) recently said in an interview that he would invest with SBF again.

The guy literally had money stolen from him. How do you even explain that?

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Tim Draper still supports Elizabeth Holmes: https://fortune.com/2022/01/05/venture-capital-tim-draper-el...

I don't know how. Maybe he's just fucking stupid, or too prideful to admit he was wrong.

It may be less about pride and and more about reputation management. It’s the same reason Trump never admits he’s wrong; it’s simply not strategically beneficial to do so.

I'd say Trump is never wrong because he's a fairly overt narcissist, and never being wrong goes with that territory.

That may also be why the above figures are like that too.

its also possible that ego is simply a “Kahneman type 2 brain” manifestation of unconscious reputation management, kinda like how instinctively shrinking away from large scary animals is unconscious life expectancy preservation

I'm not entirely familiar with Theranos, but as far as I know, she only defrauded VCs - entities that are designed to take on risk (which can include Theranos-like fraud).

FTX defrauded average people, many of whom were lured by the big name ads, the friendships with Tom Brady, the marquee investors list.

Supporting that is deeply immoral.

Holmes defrauded many average people who thought they were getting medical tests with accurate results when in fact they were not.

Holmes "blood tests" were giving people useless results. This is LITERALLY putting lives in danger. She probably is guilty of the deaths of some unknown people, we'll never know. Holmes is just as sociopathic and despiclable as SBF, if not worse.

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