I work for the Internet and am an advisor to <a class="tweet-url username" href="https://twitter.com/stripe" data-screen-name="stripe" target="_blank" rel="nofollow">@stripe</a>. These are my personal opinions unless otherwise noted.

Patrick McKenzie

There will be a lot of stories of rough outline to this one, and the second order through Nth order effects of them are difficult to predict. https://t.co/t4HS7p5c02

Unfortunately, I have some pretty bad news to share. Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday mrng, we got very little out. We’re now stuck alongside everyone else.

Former L/S Equities Portfolio Manager that fell down the Crypto rabbit hole. Now running @ikigai_fund. Not investment advice.

Travis Kling

Right now, on every communications channel you can imagine, people are having discussions like “Will this firm survive?”, “Hey, are you guys good? No I know what you tweeted but I was at your wedding: are. You. Good?”, “Do we have to take adverse actions against customers?”, etc.

I work for the Internet, at @stripe, mostly on accelerating startups.

from Patrick McKenzie | by Patrick McKenzie