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Ian Brown :verified: /
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2024-11-25 01:20:34

Ian Brown :verified: on Nostr: Billionaires like Marc Andreessen and Ben Horowitz want to fund experiments like ...

Billionaires like Marc Andreessen and Ben Horowitz want to fund experiments like #Synapse using the money from their limited partners. They aren’t at risk. There’s no downside for them. When it all goes south though, it is regular people who lose their life savings.

This is a fucked up and sad story.

We are going to see more and more of this kind of stuff now that "the handcuffs are off".

https://www.cnbc.com/2024/11/22/synapse-bankruptcy-thousands-of-americans-see-their-savings-vanish.html
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