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Meanwhile Synapse founder CEO is spending time on twitter telling frustrated depositors: "I am sorry, I should not have called you an idiot. That wasn't nice.

Meanwhile Synapse founder CEO is spending time on twitter telling frustrated depositors: "I am sorry, I should not have called you an idiot. That wasn't nice. You are a moron." from the Greek island of Santorini. https://x.com/sankaet/status/1790563922732544367 https://x.com/sankaet/status/1790563922732544367

JumpCrisscross 2y ago
Wow, "CEO Sankaet Pathak called into the bankruptcy hearing from Santorini island in Greece, and the general counsel Tracey Guerin was in Rome" [1]. Someone at the DoJ is going to make a career out of this guy. [1] https://prospect.org/justice/2024-05-24-judge-appoints-trustee-synapse-bankruptcy/ https://prospect.org/justice/2024-05-24-judge-appoints-trust...
localfirst 2y ago
Whenever I see this type of bravado I always assume they are putting on a brave face because things are far worse than they appear. It's the cavalier attitude towards taking other peoples money. Unbelievable.
- hooverd 2y ago
  Or stimulants. Adderall bravado is real and explains a lot.
  - localfirst 2y ago
    adderall...in powder format
    - hooverd 2y ago
      Powdderall? I thought everyone was doing amphetamines instead of cocaine these days.
  - novia 2y ago
    Hey, can you go into this more? When I search Adderall bravado online, your post is the top result. I have a friend whose behavior changed wildly after being prescribed Adderall, so I am interested in learning more.
    - throwinway 2y ago
      Disclaimer: I am not diagnosed but believe I have ADHD. I use Vyvanse casually and when it’s active in my system I go from a very timid and shy person to a public speaker. I’ve been working on my anxiety separately, but even at its worst I could pop one pill and it would disappear. I could go up to strangers and talk to them about anything, or I could stand up in the middle of a mall and call for everyone’s attention. It was very cathartic as someone who has suffered from anxiety (at least) for a long time. Some of that feeling lasts for a while too. I regret not trying medication to fix some of my mental health issues before and I’d love to be on a prescription right now. I really think taking it consistently could change my life.
      - popcalc 2y ago
        I find caffeine has a very similar effect.
        throwinway 2y ago
        Interesting, not a coffee drinker but energy drinks don’t do much for me other than keep me awake.
    - hooverd 2y ago
      Stimulants make your brain go brrr. I know they increase dopamine levels and so on, but I have no idea how that translates into personality. I think a friend coined the term talking about SBF. I also know they can cause mania in people with BPD. From personal experience, they make you feel like you're on top of the world. You can get so much done. Although obviously in some people they just help you focus a normal amount.
nytesky 2y ago
What exactly is the context here? He’s calling his (former?) customers/litigants idiots and morons? I must be misreading the framing here…
- reducesuffering 2y ago
  He's calling a specific customer an idiot and moron. Someone who's funds are probably locked up right now posted an interview that the Synapse founder did, saying that doing podcasts "in the middle of the lunacy" is absolutely insane. Founder replies "this was BEFORE the deal fell apart, you are such an absolute idiot" to that... Although, that customer is right it's insane to be going on podcasts and Greek weddings when you have thousands of customers out millions of $... Then in the podcast, this founder doesn't even take any responsibility! He's saying it's some investors fault! That he had a $100m term sheet, where he was going to use investor capital to buy a bank charter and that's how his company was going to work. (nvm that it's purely self-interested, you have a $0 company right now, but you'd sure like 20% of a $200m company with $100m in the bank instead) Like, you already burned $50m of investors money with nothing but peoples frozen accounts to show for it, and you're surprised when they don't want to throw another $100m?

JumpCrisscross 2y ago

Wow, "CEO Sankaet Pathak called into the bankruptcy hearing from Santorini island in Greece, and the general counsel Tracey Guerin was in Rome" [1]. Someone at the DoJ is going to make a career out of this guy. [1] https://prospect.org/justice/2024-05-24-judge-appoints-trustee-synapse-bankruptcy/ https://prospect.org/justice/2024-05-24-judge-appoints-trust...

localfirst 2y ago

Whenever I see this type of bravado I always assume they are putting on a brave face because things are far worse than they appear. It's the cavalier attitude towards taking other peoples money. Unbelievable.

hooverd 2y ago
Or stimulants. Adderall bravado is real and explains a lot.
- localfirst 2y ago
  adderall...in powder format
  - hooverd 2y ago
    Powdderall? I thought everyone was doing amphetamines instead of cocaine these days.
- novia 2y ago
  Hey, can you go into this more? When I search Adderall bravado online, your post is the top result. I have a friend whose behavior changed wildly after being prescribed Adderall, so I am interested in learning more.
  - throwinway 2y ago
    Disclaimer: I am not diagnosed but believe I have ADHD. I use Vyvanse casually and when it’s active in my system I go from a very timid and shy person to a public speaker. I’ve been working on my anxiety separately, but even at its worst I could pop one pill and it would disappear. I could go up to strangers and talk to them about anything, or I could stand up in the middle of a mall and call for everyone’s attention. It was very cathartic as someone who has suffered from anxiety (at least) for a long time. Some of that feeling lasts for a while too. I regret not trying medication to fix some of my mental health issues before and I’d love to be on a prescription right now. I really think taking it consistently could change my life.
    - popcalc 2y ago
      I find caffeine has a very similar effect.
      - throwinway 2y ago
        Interesting, not a coffee drinker but energy drinks don’t do much for me other than keep me awake.
  - hooverd 2y ago
    Stimulants make your brain go brrr. I know they increase dopamine levels and so on, but I have no idea how that translates into personality. I think a friend coined the term talking about SBF. I also know they can cause mania in people with BPD. From personal experience, they make you feel like you're on top of the world. You can get so much done. Although obviously in some people they just help you focus a normal amount.

nytesky 2y ago

What exactly is the context here? He’s calling his (former?) customers/litigants idiots and morons? I must be misreading the framing here…

reducesuffering 2y ago
He's calling a specific customer an idiot and moron. Someone who's funds are probably locked up right now posted an interview that the Synapse founder did, saying that doing podcasts "in the middle of the lunacy" is absolutely insane. Founder replies "this was BEFORE the deal fell apart, you are such an absolute idiot" to that... Although, that customer is right it's insane to be going on podcasts and Greek weddings when you have thousands of customers out millions of $... Then in the podcast, this founder doesn't even take any responsibility! He's saying it's some investors fault! That he had a $100m term sheet, where he was going to use investor capital to buy a bank charter and that's how his company was going to work. (nvm that it's purely self-interested, you have a $0 company right now, but you'd sure like 20% of a $200m company with $100m in the bank instead) Like, you already burned $50m of investors money with nothing but peoples frozen accounts to show for it, and you're surprised when they don't want to throw another $100m?