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Another suspicious aspect of #FTXGate: SBF raised billions from top tier VC funds despite chaotic if not totally non-existent financial records and many obvious red flags surrounding its operations. I think this could be a potential indication of CIA involvement. Brief 🧵:
First bankruptcy court filing by FTX's new CEO identifies welter of insane issues within the company and Alameda. Much of this would've been clear to VCs. What's more, fundraising proposals submitted to these firms consisted of crap self-authored excel spreadsheets.
Some interpret VCs still investing despite this as sign they bought into media-created mythos surrounding SBF. I'm not so sure. VCs might not always make good investments but their due diligence is usually very strong indeed, and this stuff would typically make them run a mile.
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