As one example, a friend of mine lost over $20 million to SBF / FTX, which funded said castle. However he did not sell his claim and is optimistic he will get most of it back. Money seems like a number on a page until you see how it affects real people!
As another example, I had an EA VC investor nuke one of my seed investments in order to have a different one of his portcos acquire the IP for scrap because he had a far higher stake in the other portco, which was in the same vertical. Ruined a lot of employees' ISOs as well as my equity. But hey he's an EA - can't blame him! His expected value was simply higher.
As another example, I had an EA VC investor nuke one of my seed investments in order to have a different one of his portcos acquire the IP for scrap because he had a far higher stake in the other portco, which was in the same vertical. Ruined a lot of employees' ISOs as well as my equity. But hey he's an EA - can't blame him! His expected value was simply higher.