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Sam Bankman-Fried Fraud and FTX collapse | EP 7
Good Game
Do VCs Really Do Due Diligence?
Koya: There were two red flags, really major red flags. One is the lack of independent board on FTX. Two is the, the, the auditing firm that the first accounting firm in the metaverse can't remember the name of the audio firm. Koya: I quite surprisingly, I'm surprised that they didn't catch this. It tells you a lot about our venture industry generally, which is that a lot of it is just so social signaling.
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