David Sachs
๐ค SpeakerAppearances Over Time
Podcast Appearances
And you know that selling an LP interest in a fund, there's no liquid market for that.
So in order to even find a buyer, you have to make it super attractive for them.
And then I sold XAI, I sold my interest in Grok, and those were all at substantial discounts to the next round, which has now taken place.
So joining the government is not a money-making scheme.
The simplest way for me to make more money would have just been to keep doing what I was doing.
Right.
Just go back to the 449.
So again, they're kind of pretending like they did this unbelievable investigation.
And they find the 449.
Can you just put up this paragraph on the screen here?
Because really, every sentence in this paragraph kind of reveals the sham of this story.
Mr. Sachs has positioned himself to personally benefit.
Not true.
I mean, I was already an investor in all these companies, and I positioned myself to divest.
Then it says I had 449 stakes in companies with ties to artificial intelligence.
By the way, that whole phrase ties to is total journalism weasel words because ties to can mean anything.
And every company in the economy is going to have ties to artificial intelligence.
And then they said could be aided.
directly or indirectly.
That is not what a conflict of interest is.