I think if you go over 500 million in fund size, you literally have to back new L1. There's some strategies that just work below a certain threshold and not above it. I would say nothing where it went to the vote and a formal vote and the board was actually split on that. Normally we try and reconcile problems before that. We're learning those lessons in corporate governance over and over again. It's like safety regulations are written in blood. Like corporate governance rules are written in like shareholder valley destroyed, you know? Nick: "You owe me for on the brink now"
In this episode, we're joined by Nic Carter, General Partner at Castle Island Ventures for a far reaching discussion around Nic’s thesis on Operation Choke-Point 2.0; the effort of every U.S. financial regulator to deny crypto firms access to banking services.
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