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this post was submitted on 09 Mar 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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It's theoretically possible to keep them separate, but I would assume in this case that it's evidence that regardless of intentions CFAR and lightcone are sufficiently closely linked to be basically the same organization. I mean, if there's not a separate legal entity then I would assume anything involving money is going to require the same person or persons to sign off on the transaction, regardless of what the board looks like.
Forming a single legal entity would have made it hard to protect the other projects if the CFAR side had lost a lawsuit over abuse of a minor at a CFAR event, or Lightcone had lost a judgment over taking money from FTX and had to sell the Rose Garden property, I know these people don't do "fear of frequent consequences of ordinary human weaknesses" but that is a big risk.
I also wonder who served as treasurer and bookkeeper for each project. If one person served both projects, he or she could have caused all kinds of trouble, even if there were separate bank accounts.