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by JumpCrisscross
3149 days ago
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Tied to, and acting at the behest of, are night and day. One allows you to presume they're acting in their own financial interests, by and large, just like every other investor. The other merits caution. Your larger point, that we should have been more cautious, stands. We should have figured this out. But dollars danced, and even the best of us started rationalizing [1]. [1] https://news.ycombinator.com/item?id=3143894 |
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I just don't want to see a McCarthy witch hunt when a lot of the money floating in Wallstreet and the Valley is of dubious origin.
I would equally oppose taking money from one of the CIA VC firms, even that one where Dan Geer works. And I kinda have this idea that by now enough money is floating around valley from the money made in the valley that it should be possible to use that "pre-laundered" (if we may call it that) capital.
That said, I have no idea how a startup would vet the VC's capital backers, or what they should do when they find out some of it came from beijing, moscow, tel aviv, and you want to give it back to disassociate your startup.