Sure but wasn’t every major web company we can name started by 20-somethings? Facebook, google, Amazon, ect.
Just feels like weird selection bias.
It also lets them off the hook by focussing the narrative on the “folly of youth” and not the awful decisions they made.
It’s a small thing. I just find it odd.
Bezos (which iPhone autocorrects to Nazis, lol) was 30 when he founded Amazon
EDIT: And Elon was 30+ when he started SpaceX and got involved in Tesla.
In terms of capacity, I think 30 >> 25 >> 20.
Oh I guess I should have looked that up! I was just picturing a young dude in my mind from those 90s interviews 
Doesnt this mean you would call that person a math whiz?
ok
Who could have seen it coming?
“Nothing like regular amphetamine use to make you appreciate how dumb a lot of normal, non-medicated human experience is,” Ms. Ellison once tweeted
In last week’s bankruptcy papers, a Kenya-based money-transfer company was listed as an FTX entity. That surprised its CEO, Elizabeth Rossiello.
On a call pitching Sequoia Capital, the firm that has backed some of the biggest companies in Silicon Valley, Mr. Bankman-Fried was simultaneously playing the video game “League of Legends,” according to an article Sequoia published on its website about FTX in September that it has since removed.
Mr. Bankman-Fried searched for words. “There was a… a… a… let’s call it ballpark $8-ish-billion of um um um margin position size and it was quickly going to get to the point where we are not gonna have enough liquid assets to meet withdrawals,” he told the prospective investors
A couple of things.
First, the early web commerce founders as a whole didn’t exactly cover themselves in glory. The dotcom bubble was a real thing and a lot of the early 2000s web commerce companies incinerated a lot of investor capital and flamed out. Lots of the founders escaped with big IPO windfalls though.
Anyway, even setting that aside there is something special about financial services. Whether you’re a bank, insurer, credit union, broker, dealer, trust, whatever, when you take someone’s money with a promise of safekeeping that is a much higher risk standard than conducting commerce online. And pre-crypto when you took someone’s money without the promise of safekeeping, you had to be explicit about the speculative nature of the loan/investment and you had to acknowledge that what you were doing is selling securities. All the parties to crypto are typically adamant that they are not securities but also its not a bank, ldo, so there is no regulation. Its impossible to square this with the expectations of most crypto buyers who both think that its an investment in the future and its implicitly guaranteed because the public block chain structure is a secret sauce that prevents fraud.
This jarring conflict between crypto participant expectations and the absence of regulation is really, really obvious to us dinosaurs over 30 that have had our brains permanently damaged by reading books and knowing things about financial entity risk management. The whole age thing is just a lazy shortcut to this more important idea.
In the meantime while you are waiting for the next bull run, you can put your skills and talents to use in the real world. Don’t be bitter about it.
When was this? 2005?
Can’t put these skills to use anymore in 2022 while waiting for the next jpeg bull run.
She blew up the Alameda hedge fund with that Sam Trabucco guy the same way 3AC hedge fund blew up.
Just going long in 2022.
You don’t actually think the answer is No, do you?
The point is that the Bill Gates info applies to 99% of the people that you think it does not apply to.
https://twitter.com/TiffanyFong_/status/1593901896510603266
Smartest guy in the room. So smart.
https://twitter.com/Popehat/status/1594047037502541824
I’m gonna take a wild guess that SBF took notice of the Holmes sentence and might be willing to listen to advice from a lawyer now. But maybe not.
I guess I would need to know who the young people going to Congress are. My guess would be the Republicans are anti-intellectual anti-book types and the Dems are the exact opposite, hardcore Make A Difference technocrats and activists.
nah
Holmes gets time because misogyny. SBF will get a slap on the wrist, judge won’t want to “ruin his life” etc.
Uh I think we’ll see about that when Balwani gets sentenced.
Yeah Holmes gets time because she humiliated Henry Kissinger, Jim Mattis, George Shultz, William Perry, Rupert Murdoch, Larry Ellison, Tim Draper and others. People who matter. Same reason why Madoff got punished.