Jesse Powell

@jespow ↗

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Last Checked Jan. 10, 2023

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Thu Nov 10 09:19:27 +0000 2022

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Jesse Powell @jespow

7/ VCs, the media, the "experts" failed. People torched their own reputations vouching for individuals, projects, businesses they had not diligenced. Retail looks to you, presuming that you have done your job. You have a duty to be critical and withhold undue praise. — PolitiTweet.org

Posted Nov. 10, 2022

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Jesse Powell @jespow

6/ The last few months have been absolutely brutal. Even people who should have known better got rekt. More business failures are sure to come as the contagion spreads. Beyond the industry, lives are destroyed. I pray that we don't lose our people, like we did in the wake of Gox. — PolitiTweet.org

Posted Nov. 10, 2022

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Jesse Powell @jespow

8/ I know for a fact that VCs wrote checks blindly. Why? Because revenues were strong. Were they sustainable? Were they bleeding out money the other side? Was it all predicated on an untenable self-dealing setup, frontrunning clients, misappropriation of user funds? Never asked. — PolitiTweet.org

Posted Nov. 10, 2022