This chapter discusses the questions of a listener regarding venture capitalists investing in cryptocurrencies, the terms and returns these VC firms are getting, and the author's regret of not seeing certain events in the crypto world.
Zeke Faux is an investigative reporter for Bloomberg. His new book is Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall.
“I have a rule of thumb, which is that if somebody did one scam, they probably did another scam. If they did one scam in the past and now they have a new thing, odds are good it’s also a scam. That’s not always true, but that was definitely borne out sometimes in crypto-world.”
Show notes:
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