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I keep telling people you don't drop hundreds of millions on something without glancing at a few numbers first. They had to know something wasn't quite right but infused him with their cash anyways.

Apparently when another VC firm (Social Capital) suggested to create a board before going through with their investment, they received a plain&clear "f*k you".

Corporate governance, accounting, and all the other boring stuff should literally be the first things which you should look at when assessing whether to fuel or not an exchange.

the number they looked at was "number go up". This was an "investment" for the purpose of surfing a ponzi wave.

They could not possibly have looked at any numbers any deeper than what FTX told them.

Clearly, I suspected it from the few interactions I had with VCs.

Well...

And Theranos.