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#1192 Brady Dale | Reporter Exposes SBF’s Secrets
The Pomp Podcast
The Problem With Sequoia's Proof of Reserves
In that crazy kind of profile that Sequoia put out about SPF, which I mentioned a couple of times in the story, it was just this, remember that glowing profile they put up on its site? There was a line in that where I was just like, how can this possibly make sense? It might have been a smaller number than this. But what it was, he said, he was like, look, guys, we're going to have to rein in our spending a little bit. If there's expenditures over a hunt, I swear to God, the number was $100 million put it in there. And even if they raised $4 billion, right, $100
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