Comment by bflesch

It's simply an example of the principal/agent problem, finance 101.

CapitalOne shareholders will decide if they want to sue the management over buying a company which primarily focuses on AI-bubble-startups.

We're at a very late stage of the AI bubble which might be the last ZIRP-fueled bubble to pop after which VC as an investment vehicle will be dead for years to come. Rising tide lifts all boats and all, but many of the "genious" VCs already have problems returning capital from their older funds.

Capital One management is friends with VCs, VCs want to cash out from their investments without big losses, some parties, some holidays, as easy as that.