David Sacks

And what I did instead of creating a blind trust is I divested the positions that OGE said were a conflict.

At a discount to their fair market value in the case of my LP interest and all these funds, I divested almost 100 funds that I had invested in, venture funds, things like that, angel funds, at roughly a 50% discount to their fair market value because- That's insane.

Because, well, they're private investments, right?

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.