King Charles and Queen Camilla dined with U.S. royalty at the White House. The invitation list included private equity underwriters (PEU), TechGods, conservative media mouths and Trumps.
Marc Andreessen opened an office in Washington, D.C. shortly after affiliate Synapse collapsed. Medium reported on the event in June 2025:
Synapse, backed by Andreessen Horowitz, served as middleware for approximately 100 fintechs and 10 million end users. Its Chapter 11 bankruptcy filing revealed a shortfall of $65–$96 million in customer funds, with $54 million in deposits still frozen as of September 2024, stranding thousands of users. The crisis laid bare the risks of complex middleware systems that promised seamless integration but faltered under scrutiny [1].Scrutiny? More like failed under real world use.
Gaps in ledgering contributed to millions of dollars in unreconciled customer funds, a cautionary tale
Blackstone co-founder Stephen Schwarzman just complained about the press and social media's "intensely negative campaign" against private credit (which mostly lends to private equity).
For once the little people don't trust the moneyed class to make good on their bets. Schwarzman never shared that family offices and sovereign wealth funds were the first to line up at the private credit withdrawal window. Retirees joined in when the line backed up enough to enter their view.
PEUs and TechGods are largely an insufferable bunch, spoiled by decades of accumulation of money and power. Fitting that America's First Family shares similar characteristics.
Everything is a story and when examined they mostly turn out to be hollow sales pitches from the people who brought us dynamic pricing and variable truth.
Politicians Red & Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one.
