Unfortunately, investors facing reality means homelessness for the rest of us. Maybe the real treasure was the billions of dollars we made along the way. :)
My close friends got showered so much with money poured down by investors that it is indecent.
Just because they happened to be in the right place, at the right time, and idling, gets paid 10M USD+ due to stock options vetting.
Sounds like crypto^2; money is spread completely irrationally and unfairly (lucky folks who launched a ponzi get rewarded instead of jailed) and completely disconnected from actual efforts.
In the long-term this can only lead to a very unhealthy society.
Good that we won't need money anymore, thanks to AGI right ?
This is how VC and on some level professional success always worked. Gotta be in the right place, knowing the right people, at the right time. Although the scale and speed is more absurd.
