Why VCs Keep Confusing Disruption With Virtue
Plus: the federal money propping up failed banks.
FTX founder Sam Bankman-Fried at the US federal courthouse in New York on March 30, 2023.
Photographer: ED JONES/AFP/Getty Images
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And spoiler alert: today’s newsletter links to the first two episodes of our new co-production with Wondery— Spellcaster: The Fall of Sam Bankman-Fried. Here is episode 1, and then episode 2.