At least one person has gotten word from them that these payouts are on hold for now. This seems very worrisome and suggests the legal structure of the fund is not as robust or isolated as you might have thought.
If it turns out that committed funds were not liquid, that the legal structure wasn’t robust, and that grants promised won’t be honoured, that won’t just be ‘really bad’ - it will be egregious.
If it turns out that committed funds were not liquid, that the legal structure wasn’t robust, and that grants promised won’t be honoured, that won’t just be ‘really bad’ - it will be egregious.