Bankman-Fried’s Stanford-Connected Backers and the Decline of Tech Prestige

Crypto, which has a presence in both Silicon Valley and Wall Street, has certainly benefited from this system. But it might benefit more from the tarnishing of Big Tech’s prestige. Companies like Google and Facebook used to sop up talent by offering generous benefits, uber-competitive salaries and, perhaps most importantly but hardest to quantify, prestige.