Comment by jasonwatkinspdx

> Sequoia is apparently not so skeptical, and willing to put the money on the table. That must have been a truly extraordinary pitch deck...

They invested like $200 million in FTX and had a glowing article about SBF about mile long on their website.

The big VC firms are by no means immune from just doing plainly stupid things.

Right now all the hype around anything even at the periphery of "AI" is enabling a lot of similar stupidity.