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Here's another guy that was vouching for SBF to get in on the Twitter deal for $5b. Michael Grimes [IBanker at Morgan Stanley]: Do you have 5 minutes to connec
by memish 4y ago
Here's another guy that was vouching for SBF to get in on the Twitter deal for $5b.
Michael Grimes [IBanker at Morgan Stanley]: Do you have 5 minutes to connect on possible meeting tomorrow I believe you will want to take?
Elon: Will call in about half an hour
Michael: Sam Bankman Fried is why I'm calling https://twitter.com/sbf_ftx/status/1514588820641128452 https://twitter.com/sbf_ftx/status/1514588820641128452 https://www.vox.com/platform/amp/recode/2021/3/20/22335209/s https://www.vox.com/platform/amp/recode/2021/3/20/22335209/s... https://ftx.us https://ftx.us
Elon: ??
Elon: I'm backlogged with a mountain of critical work matters. ls this urgent?
Michael: Wants 1-Sb. Serious about partner w/you. Same security you own
Michael: Not urgent unless you want him to fly tomorrow. He has a window tomorrow then he's wed-Friday booked
Michael: Could do $5bn if everything vision lock. Would do the engineering for social media blockchain integration. Founded FTX crypto exchange. Believes in your mission. Major Democratic donor. So thought it was potentially worth an hour tomorrow a la the Orlando meeting and he said he could shake hands on 5 if you like him and I think you will. Can talk when you have more time not urgent but if tomorrow works it could get us $5bn equity in an hour
Elon: Blockchain twitter isn't possible, as the bandwidth and latency requirements cannot be supported by a peer to peer network, unless those "peers" are absolutely gigantic, thus defeating the purpose of a decentralized network.
Elon: ["disliked" "Could do $5bn ..."]
Elon: So long as I don't have to have a laborious blockchain debate
Elon: Strange that Orlando declined
Elon: Please let him know that I would like to talk and understand why he declined
Elon: Does Sam actually have $3B liquid?
Michael: I think Sam has it yes. He actually said up to 10 at one point but in writing he said up to 5. He's into you. And he specifically said the blockchain piece is only if you liked it and not gonna push it. Orlando referred Sams interest to us and will be texting you to speak to say why he (Orlando) declined. We agree orlando needs to call you and explain given everything he said to us and you. Will make that happen We can push Sam to next week but I do believe you will like him. Ultra Genius and doer builder like your formula. Built FTX from scratch after MIT physics. Second to Bloomberg in donations to Biden campaign.
https://danluu.com/elon-twitter-texts/#62 https://danluu.com/elon-twitter-texts/#62
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- EVa5I7bHFq9mnYK 4y agoInteresting, the banker thinks "Major Democratic donor" is a positive selling point for Musk. I thought he is red.
- josefresco 4y agoI found that odd too, but I would guess it was meant to show that he was a "major player" and thus had political connections that might be useful to Musk/Twitter.
- corndoge 4y agoMany people can’t be quantified with one of two colors
- n0tth3dro1ds 4y agoThe entire offer is embarrassing. “Let me add useless, wasteful, and costly blockchain “tech” to your money-losing CRUD app. By the way, did you know we’re massive Democrat donors?” Like offering poop flavored ice cream with vomit sprinkles.
- nu11ptr 4y agoElon isn't red or blue. He has leaned to voting dem in the past and now leans to voting gop for various reasons. It could change tomorrow. In the end, he thinks what he thinks and doesn't care how it aligns to a "party".
- stefan_ 4y agoThe guy doesn't even vote, he's an opportunist that would pretend to be orange if it curried favor with small minded people.
- paganel 4y agoAnd finished it off with with “second to Bloomberg when donating to Biden”. If any of this had happened in a non-rules based world or even at the periphery of our “civilized” world, a whole bunch of US-financed NGOs and “civil society” thingies would have been up all in arms about it, with cries of corruption and the like. But the moment when it turns out that the second largest financial donor to the US President is basically a crook and a fraudster all those voices are suddenly silent.
- boc 4y agoI'm cackling at idea that even Elon is tired of hearing about the blockchain from crypto nerds... even the ones offering him billions.
- tonetheman 4y agoeveryone is