Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
Because Blue Owl really doesn’t want the world to see a fund of theirs fail.
For want of investors, the FOMO was published. For want of FOMO, the fund was lost. For want of a fund, the firm will be lost next. Hedge funds fail all the time, but it's surprising to see such a direct connection. I think the Bible says something about this too, something like "vibes to vibes, dust to dust, empty your accounts, pay investors you must."
There cant be a bank run if there is no bank.
There's gotta be a pithy way of talking about this. I propose "Phantom Funds" - money that investors and analysts expect to be there that ends up not existing when the cards are turned over.
Why yes this does largely boil down to fraud but without the legal consequences.