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David Gerard’s take on the “SV smart boys” is worth a reread from time to time, till the OpenSeas evaporate and the BlackRocks laid bare. He blames the Berkeley-based EA (Effective Altruism) community too (which inspired SBF).

https://davidgerard.co.uk/blockchain/2022/09/16/vitalik-bute...

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All VC investments look like genius moves during a bull market

- someone on Twitter

I would make an exception for biotech VCs— these guys tend to have domain expertise (another indictment DG makes of the nonbio tech VC scene)

This is excellent read. Thanks for sharing.

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