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This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://www.sequoiacap.com/articl

This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://www.sequoiacap.com/article/sam-bankman-fried-spotlig...

pram 4y ago
>I open with a doozy: “Am I,” I ask, “talking to the world’s first trillionaire?” wow this is shameless lol
rippercushions 4y ago
> Professor Bankman-Fried is my tutor. He’s as good at explaining the principles of macroeconomics as anyone out there in the world today—and I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject. But SBF teaches me Macro while simultaneously playing round after round of Storybook Brawl. This stuff is beyond parody. Dude's getting interviewed for a nauseatingly butt-kissing puff piece, and he can't tear himself away from a game targeted at literal children. (He bought the developers and proceeded to cram NFTs into it.)
- SantalBlush 4y ago
  Also, this >I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject should never be said about any subject, unless it's being said ironically.
  - dghlsakjg 4y ago
    I mean, MIT, Harvard, LSE, Chicago and others have Econ course lectures on YT. You can watch lectures from lecturers that students at these institutions have trouble getting access to. Don’t be so sure that you can’t learn from the absolute best on YT.
    - parineum 4y ago
      YouTube's best and the best that are on YouTube mean something different to me. The latter being MIT, Harvard, LSE and Chicago's best on YouTube and the former youtube.com/econonomydude.
    - rchaud 4y ago
      A YT video does not give you assignments, reading lists or office hours to ask questions in. I'd question the value of OCW-only autodidacts, in much the same way I would someone who claimed fitness training is unnecessary because he already knows about proper form having Arnold Schwarzenegger's VHS workout tapes.
      - FormerBandmate 4y ago
        That’s Peloton’s entire business model lmao
idoh 4y ago
That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have ~1 billion more than me even after this mess, so maybe it all worked out.
- gumby 4y ago
  Perhaps not -- reportedly he has $650MM in debt and just filed for bankruptcy today.
  - idoh 4y ago
    Fascinating. Dude needed to crack open a Taleb book.
  - danrocks 4y ago
    Given his business moves I wouldn't be surprised is all his personal debt is also collateralized by FTT. As wise Walter Sobchak would say: "Mark it zero!"
csomar 4y ago
>>> “Of the exchanges that we had met and looked at, some of them had regulatory issues, some of them were already public. And then there was Sam.” >>> This will go down in history books...
returnInfinity 4y ago
I am sure it will get removed eventually. When things change, people change, systems change, the underlying cms changes articles are lost.
adam_arthur 4y ago
The prostrating quotes from the VCs in here are pretty unbelievable. First, that they are even real. Second, that they actually decided to post them in a piece like this, and lacked the self awareness about how incompetent it makes them look. Even if he turned out to be the real deal, maybe stick to the fundamentals of the investment. I'd be interested in learning what their DD process looked like
IshKebab 4y ago
It won't because they already changed it. It will forever be on archive.org though: https://web.archive.org/web/20221110010120/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://web.archive.org/web/20221110010120/https://www.sequo...

This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://www.sequoiacap.com/article/sam-bankman-fried-spotlig...

pram 4y ago

>I open with a doozy: “Am I,” I ask, “talking to the world’s first trillionaire?” wow this is shameless lol

rippercushions 4y ago

> Professor Bankman-Fried is my tutor. He’s as good at explaining the principles of macroeconomics as anyone out there in the world today—and I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject. But SBF teaches me Macro while simultaneously playing round after round of Storybook Brawl. This stuff is beyond parody. Dude's getting interviewed for a nauseatingly butt-kissing puff piece, and he can't tear himself away from a game targeted at literal children. (He bought the developers and proceeded to cram NFTs into it.)

SantalBlush 4y ago
Also, this >I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject should never be said about any subject, unless it's being said ironically.
- dghlsakjg 4y ago
  I mean, MIT, Harvard, LSE, Chicago and others have Econ course lectures on YT. You can watch lectures from lecturers that students at these institutions have trouble getting access to. Don’t be so sure that you can’t learn from the absolute best on YT.
  - parineum 4y ago
    YouTube's best and the best that are on YouTube mean something different to me. The latter being MIT, Harvard, LSE and Chicago's best on YouTube and the former youtube.com/econonomydude.
  - rchaud 4y ago
    A YT video does not give you assignments, reading lists or office hours to ask questions in. I'd question the value of OCW-only autodidacts, in much the same way I would someone who claimed fitness training is unnecessary because he already knows about proper form having Arnold Schwarzenegger's VHS workout tapes.
    - FormerBandmate 4y ago
      That’s Peloton’s entire business model lmao

idoh 4y ago

That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have ~1 billion more than me even after this mess, so maybe it all worked out.

gumby 4y ago
Perhaps not -- reportedly he has $650MM in debt and just filed for bankruptcy today.
- idoh 4y ago
  Fascinating. Dude needed to crack open a Taleb book.
- danrocks 4y ago
  Given his business moves I wouldn't be surprised is all his personal debt is also collateralized by FTT. As wise Walter Sobchak would say: "Mark it zero!"

csomar 4y ago

>>> “Of the exchanges that we had met and looked at, some of them had regulatory issues, some of them were already public. And then there was Sam.” >>> This will go down in history books...

returnInfinity 4y ago

I am sure it will get removed eventually. When things change, people change, systems change, the underlying cms changes articles are lost.

adam_arthur 4y ago

The prostrating quotes from the VCs in here are pretty unbelievable. First, that they are even real. Second, that they actually decided to post them in a piece like this, and lacked the self awareness about how incompetent it makes them look. Even if he turned out to be the real deal, maybe stick to the fundamentals of the investment. I'd be interested in learning what their DD process looked like

IshKebab 4y ago

It won't because they already changed it. It will forever be on archive.org though: https://web.archive.org/web/20221110010120/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://web.archive.org/web/20221110010120/https://www.sequo...