The SEC is considering a rule that would make it easier for investors to sue if they lose money in VC funds. Michael Lewis: The idea of like making it easier to sue over this, like you knew what you were getting into when you signed up,. It would be gross negligence on behalf of the LP. To sign up to invest in the riskiest class of investing and then be mad when they lost some money.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode