2min chapter

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#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism

The Tim Ferriss Show

CHAPTER

Inste Gram Is Not an Easy Call.

Ingram raised at 500 million valuation the day before zuck offered a billion for the company. One billion was like 25 % of their cash in handabut like four billionth time. It was weeks before the face pogi po the board wasn't consulted. And in gram had no revenue. The onlything that's worth that is something that instantly gets me a gram of cocaine, right? Everybody mocked it, made fun of it. They said, oh, this is such a bubble purchase they're so stupidIt endangered the ipo, potentially. I mean, there were so many aspects to that where that was a highly, highly nonconsensous call that has now been turned

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