3min chapter

The Circuit with Emily Chang cover image

Benchmark’s Bill Gurley on VC Hustle Culture

The Circuit with Emily Chang

CHAPTER

The FTX Crisis: Who to Trust?

I think it's an unanswerable question because it's that classic prisoner's dilemma problem, more hazard that they study in college. You know, the only way you're going to be safe is if everyone behaves like you do, and that's not what happened,. Clearly we had it run on the bank. And I can't blame an entrepreneur who has to make payroll for his employees or her employees" Do you think if anything this crisis will show founders who to trust? "Every venture capitalist when they open their mouth in front of a microphone, which I guess I'm doing right now."

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