FTX’s actions were illegal and inexcusable. But unlike most other venture firms, they employed a strategic, differentiated approach that leveraged their brand to deploy capital at scale. While they adopted some tactics from other firms, their implementation was a distinct point on the capital-strategy frontier and continues to influence venture... See more

There are some phenomenal products in some of the companies that were overfunded and are haunted by past decisions. The valuations at which these companies raised capital set them on the wrong path - a path that fails to attract and reward critical talent, a path that incentivizes excess expenditure for growth at the expense of structuring a... See more