Via Protos, the ultimate Magsman Balaji has SHOCKINGLY revealed his SURPRISING end goal of becoming an ordinary Wall Street hedge fund owner.
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Balaji Srinivasan, one-time Coinbase CTO and former partner at crypto cheerleading VC firm a16z, has decided that it’s time to start investing on behalf of others again and announced a new fund. It’s imaginatively called The Balaji Fund.
The fund will, according to Srinivasan, focus on “crypto/web3, deep learning, augmented reality and virtual reality, genomics, quantified self, autonomous robotics, network states, and frontier technologies.” The minimum investment is $100,000 over two and a half years.
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Instead of betting his own money on frauds, he’s going to help other rich idiots bet their own money on frauds. And you can be SURE (no bets) that he has taken all the necessary steps to avoid paying them back when the bets lose. He will simply take a fee either way. That’s how the hedgies do it.
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Liron Shapira is puzzled by Balaji, the top galaxybrain bully.
Balaji isn’t a mystery, he’s a classic conman type. I’ve mentioned him in two different references. Now that I look at both together, I realize they’re both British and both from the same decade.
(1) Definition from the 1874 dictionary of British slang:
Magsman, a street swindler, who watches for countrymen and “gullible” persons, and persuades them out of their possessions. MAGSMEN are wonderful actors . Their work is done in broad daylight, without any stage accessories. Their ability and perseverance are truly worthy of a better cause. Magsmen are often men of superior education. Those who work the tidal trains and boats** are faultlessly dressed and highly accomplished.
(2) In the 1870s Edward Johnson set out to achieve absolute perfection in counterfeiting.
Johnson was a tall impressive British gentleman with impeccable taste and charm. He had a massive capacity for detail and could discuss any subject from ancient history to the latest medical theories.
Speaking of medical theories, the Wikipedia bio for Balaji mentions that Trump tried to appoint him to the FDA.
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** ‘Tidal trains and boats’ were the ancestors of the Chunnel, used by aristocrats who traveled to France for business and pleasure. The trains took Londoners to the dock, then the boats took them to France. A good place for a swindler to cultivate rich fools.
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