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# The Chamath ETF
- URL: https://www.bramadams.dev/202301031424/
- Published: 2023-01-28T09:30:26.000Z
- Updated: 2023-01-28T09:30:26.000Z
- Author: Bram Adams
- Tags: vc-culture

> Chamath was working at Facebook before you even joined.  
> Chamath bought Bitcoin before you even knew what it was.  
> Chamath invested in the Warriors before you became a fan.  
> Chamath lost 90% of his portfolio before you lost 90% of yours.  
> Always two steps ahead. ([View Tweet](https://twitter.com/ChrisJBakke/status/1524227888064589824?ref=bramadams.dev))

get yaself a spac!

I've never really trusted this guy, but to be fair, I trust very few people who masquerade as hyper intelligent visionaries (vcs are constantly guilty of this) by basically picking good bets in the gambling market ^vn5vje

> At the end of the day, VCs need the startup to stay ‘’alive’’ until the next round and don’t care much about what happens to it afterward. This may sound a bit cynical, but by approaching investors with such a mindset, founders might have higher chances to get the money they need. ([View Highlight](https://thenextweb.com/news/vc-funds-are-ponzi-s-advantage-when-fundraising?%5F%5FreadwiseLocation=0%2F36%2F3%2F10%2F1%2F9%2F1%2F1%2F14%3A0%2C0%2F36%2F3%2F10%2F1%2F9%2F1%2F1%2F14%3A281&ref=bramadams.dev#:~:text=At%20the%20end%20of%20the%2Cget%20the%20money%20they%20need.))