keccers
@keccers.eth
If you’re a top tier VC, and a founder you invest in resorts to criminality and is convicted of crimes related to the company Theranos, FTX soon: Synapse, Dose etc If the world was perfect that VC should lose their job and VC career imo Just like DUIs — should be a one and done. No second chances
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0xqeew
@0xqeew
Great thoughts but i disagree with some points what if VC invested in good faith ?
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wahoo.eth 🎩✨
@wahoo
Agree on DUIs, but that requires a voluntary choice. It's possible the VC was duped but do agree that likely in many cases there was at least some sort of due diligence failure...so actually maybe you are on to something.
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slobo
@slobo.eth
you invest in an index fund let’s say s&p one company builds crappy planes deliberately for extra profit a plane crashes, people die now what?
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Pete
@corporatefilth.eth
Would only make sense if you could prove that the VC knowingly and willingly participated in the crimes.
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Kenny Jacobson 🎩🎸
@kennyjacobson
There certainly would be a lot more oversight. Maybe even a daily call from the VC saying "I don't care if you are the founder, you even THINK about doing something illegal, you are getting replaced".
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Joe Petrich 🟪
@jpetrich
Agree if proper due diligence would've uncovered the crime (like FTX). Disagree if the VC was also duped (some of the theranos investors) but I think LPs should not trust such investors with their capital again.
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Zach Lipp
@zachlipp
fascinating take, made me think, at the very least, losing their VC job seems reasonable to me 50 $degen
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