A reputation for making money unfairly, and at the expense of others is, and has always been, extremely relevant to your ability to convince other people to do business with you.
Yeah. That's why hedge funds and private equity in general went out of business 40 years ago.
Seriously. As someone that grew up in the 80s and watched how Milton Friedman's id was unleashed, and continues to run rampant today, there's little evidence to support your thesis.
Just curious, are there any sources you could share on that? Or is this the kind of intel you need to be in the really, really in-crowd for in order to know what's really going on?
[Edit]: Can't reply that deep in the thread, but thanks for the insight!
a16z started lagging in 2016 [1]. That led to the crypto fund in 2018 [2] and registering as an investment adviser in 2019 [3]. The '18 crypto fund did well [4], so they quadrupled down on the crack pipe and returned to form [5].
A reputation for making money unfairly, and at the expense of others is, and has always been, extremely relevant to your ability to convince other people to do business with you.