Sublime

AMERICAN ROYALTY

the star power that Jack possessed could provide the company unfair advantages in the marketplace.

He began spending some of his SoftBank spoils to build a miniature Vision Fund to match his own interests, investing in a biotech firm dedicated to increasing human longevity;

“Before he left Jane Street, he said with a high level of confidence, ‘I could make a billion dollars.’ And I said, ‘You’re not going to make a billion dollars.’ ” ‡

there couldn’t be many other cases in human history of a person his age tossing around dollars in the amounts he was tossing them without much adult supervision, or the usual constraints of corporate life. A board of directors, for instance. “It’s unclear if we even have to have an actual board of directors,” said Sam, “but we get suspicious glance

You know why VCs are like this? It's not that they are bad people; it's the limited partners. And who are the limited partners? Our great institutions—Harvard University, Stanford University, UC Berkeley. So if you want to point up the chain of accountability, when those people stop measuring performance just based on the return numbers, things cou