Mark Yusko announced his company was leading the funding round for “Arch.” A company that wants to “restore trust in crypto lending.”
One of the replies was from @ costsegzac. Apparently the CEO of recostseg.
He basically replied “great raise” or “great round.”
With 2 mins of research this K discovered this is the same Zac Prince that was the CEO of blockfi.
Check his bio on the site.
I’m not trying to be critical, it’s just an observation. All the people who lost money and he moves on to the next company and actually mentions blockfi on his bio as a success story.
Odd.
https://recostseg.com/
@HODL
In VC failing upwards is the norm
VC is a money laundering racket. Institutional money blindly throwing a portion of their portfolio at funds praying that they deliver yield to close their unfunded liabilities. Most don’t.
HODL did Zac Prince ever pay up on the BlockFi bet?
He did, HODL posted about it on twitter
Well… I guess credit where credit is due.
Scam rinse and repeat, scammers are good at white washing.
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