I can think of a Benchmark-backed company where this happened https://www.wsj.com/articles/the-money-men-who-enabled-adam-neumann-and-the-wework-debacle-11576299616 … https://twitter.com/bgurley/status/1213888910729740289 …pic.twitter.com/7Ke39cjnx4
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also impt to note the boards of WeWork and Uber (on which Benchmark sat) repeatedly approved more rounds with ever-larger checks
Because they made billions on Uber by selling it to SoftBank. It was a clasic Ponzi scheme they all were running. Now Gurley acts as if this is fraud while committing that stuff himself. He is a big hypocrite
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