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Sequoia deleted the original post. Here's the cached version: https://webcache.googleusercontent.com/search?q=cache:pizI33lYOGAJ:https://www.sequoiacap.com/arti

Sequoia deleted the original post. Here's the cached version: https://webcache.googleusercontent.com/search?q=cache:pizI33lYOGAJ:https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/&cd=1&hl=en&ct=clnk&gl=in https://webcache.googleusercontent.com/search?q=cache:pizI33...

williamstein 4y ago
With choice quotes such as “To do the most good for the world, SBF needed to find a path on which he’d be a coin toss away from going totally bust.”
- quantumwannabe 4y ago
  My favorite quote from the article: “FTX did need money, after all. And it needed that money from credible sources so it could continue to distinguish itself from the bottom-feeders who came to crypto to fleece the suckers.”
- adolph 4y ago
  Why did he do so much for Biden, someone he has never met? Well, because he said he crunched the numbers on how much impact each dollar would have if he donated it. That’s the same approach that led him to get involved with Mind the Gap, a data-driven donor group very popular in Silicon Valley led by his mother, Stanford professor Barbara Fried. https://www.vox.com/recode/2021/3/20/22335209/sam-bankman-fried-joe-biden-ftx-cryptocurrency-effective-altruism https://www.vox.com/recode/2021/3/20/22335209/sam-bankman-fr...
  - disqard 4y ago
    Any sufficiently large crypto scam is indistinguishable from an episode of "Silicon Valley" (Clark3's Law)
    - bmitc 4y ago
      They should restart the show with a new cast and a crypto company. It'd probably only last a single season though.
- pr337h4m 4y ago
  > “Oh, yeah?” says SBF. “I would never read a book.” If he had ever read Atlas Shrugged none of this would have happened :)
  - defen 4y ago
    The follow up quote is even better: “I think, if you wrote a book, you fucked up, and it should have been a six-paragraph blog post.” Strong Vizzini energy https://www.youtube.com/watch?v=BUg2cp23rGE https://www.youtube.com/watch?v=BUg2cp23rGE
bmitc 4y ago
Thank you. What's weird is that they describe Jane Street as an "under the radar" shop, which it isn't. and also a high-frequency trading shop, which it also isn't to my understanding.

williamstein 4y ago

With choice quotes such as “To do the most good for the world, SBF needed to find a path on which he’d be a coin toss away from going totally bust.”

quantumwannabe 4y ago
My favorite quote from the article: “FTX did need money, after all. And it needed that money from credible sources so it could continue to distinguish itself from the bottom-feeders who came to crypto to fleece the suckers.”
adolph 4y ago
Why did he do so much for Biden, someone he has never met? Well, because he said he crunched the numbers on how much impact each dollar would have if he donated it. That’s the same approach that led him to get involved with Mind the Gap, a data-driven donor group very popular in Silicon Valley led by his mother, Stanford professor Barbara Fried. https://www.vox.com/recode/2021/3/20/22335209/sam-bankman-fried-joe-biden-ftx-cryptocurrency-effective-altruism https://www.vox.com/recode/2021/3/20/22335209/sam-bankman-fr...
- disqard 4y ago
  Any sufficiently large crypto scam is indistinguishable from an episode of "Silicon Valley" (Clark3's Law)
  - bmitc 4y ago
    They should restart the show with a new cast and a crypto company. It'd probably only last a single season though.
pr337h4m 4y ago
> “Oh, yeah?” says SBF. “I would never read a book.” If he had ever read Atlas Shrugged none of this would have happened :)
- defen 4y ago
  The follow up quote is even better: “I think, if you wrote a book, you fucked up, and it should have been a six-paragraph blog post.” Strong Vizzini energy https://www.youtube.com/watch?v=BUg2cp23rGE https://www.youtube.com/watch?v=BUg2cp23rGE

bmitc 4y ago

Thank you. What's weird is that they describe Jane Street as an "under the radar" shop, which it isn't. and also a high-frequency trading shop, which it also isn't to my understanding.