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Considering that Sam Bankman-Fried raised more money at higher multiplier for a company to trade magic tokens and grand ideas such as that maybe one day you wil
by bluecalm 2y ago
Considering that Sam Bankman-Fried raised more money at higher multiplier for a company to trade magic tokens and grand ideas such as that maybe one day you will be able to buy a banana with them I don't think Ilya impressed the investors too much.
On a serious note I would love to bet on him at this valuation. I think many others would as well. I guess if he wanted more money he would easily get it but probably he values small circle of easy to live investors instead.
- Maxatar 2y agoFTX was incredibly profitable, and their main competitor Binance is today a money printing machine. FTX failed because of fraud and embezzlement, not because their core business was failing.
- astrange 2y agoFTX itself was profitable, but that's because Alameda Research was selling dollars for 80 cents, and all the other traders were paying FTX fees to rip off Alameda. Unfortunately, Alameda was running on FTX customer money.
- preciousoo 2y ago20 GOTO 10 ?