Sequoia have removed the article because of how embarrassing it is in hindsight (and at the time but I guess at the time their embarrassment threshold wasn't reached). The title references the article. You can find a copy linked in this comment: https://news.ycombinator.com/item?id=33549307
My favorite quote from the article: “FTX did need money, after all. And it needed that money from credible sources so it could continue to distinguish itself from the bottom-feeders who came to crypto to fleece the suckers.”
Why did he do so much for Biden, someone he has never met? Well, because he said he crunched the numbers on how much impact each dollar would have if he donated it. That’s the same approach that led him to get involved with Mind the Gap, a data-driven donor group very popular in Silicon Valley led by his mother, Stanford professor Barbara Fried.
Thank you. What's weird is that they describe Jane Street as an "under the radar" shop, which it isn't. and also a high-frequency trading shop, which it also isn't to my understanding.
Limited Partner, the people (funds) who give VCs money to invest. If you read the cached version of the content that was previously on the page (someone linked it in the comments) it's kind of maximally embarrassing for them, and really puts to rest any notion that elite VCs are smarter or better than the rest of us.
The important bits: “A limited partner's loss from the company's operations may not exceed the amount of the individual's investment.” and “Limited partnerships are pass-through or flow-through entities. That means that all partners are responsible for taxes on their share of the partnership income, rather than the partnership itself.”.
What is an LP, mentioned in the update?