My $0.02 - (almost) the entire financial and crypto world, including many prominent VC funds that invested in FTX directly seem to have been blindsided by the FTX blowup. So I’m less concerned about the ability to foresee that. However the 2018 dispute at Alameda seems like good reason to be skeptical, and I’m very curious what what was known by prominent EA figures, what steps they took to make it right and whether SBF was confronted about it before prominent people joined the future fund etc.
+1, I think people are applying too much hindsight here.* The main counter consideration: To the degree that EAs had info that VCs didn’t have, it should’ve made us do better.
*It’s still important to analyze what went wrong and learn from it.
My $0.02 - (almost) the entire financial and crypto world, including many prominent VC funds that invested in FTX directly seem to have been blindsided by the FTX blowup. So I’m less concerned about the ability to foresee that. However the 2018 dispute at Alameda seems like good reason to be skeptical, and I’m very curious what what was known by prominent EA figures, what steps they took to make it right and whether SBF was confronted about it before prominent people joined the future fund etc.
+1, I think people are applying too much hindsight here.* The main counter consideration: To the degree that EAs had info that VCs didn’t have, it should’ve made us do better.
*It’s still important to analyze what went wrong and learn from it.