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Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
21–30 of 104 posts
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#22>Bailhe remembers it the same way: “We had a great meeting with Sam, but the last question, which I remember Alfred asking, was, ‘So, everything you’re building is great, but what is your long-term vision for FTX?’” >That’s when SBF told Sequoia about the so-called super-app: “I want FTX to be a place where you can do anything you want with your next dollar. You can buy bitcoin. You can send money in whatever currenc…
> What Sequoia was reacting to was the scale of SBF’s vision. It wasn’t a story about how we might use fintech in the future, or crypto, or a new kind of bank. It was a vision about the future of money itself—with a total addressable market of every person on the entire planet. But like, it’s not even a story about how he might accomplish that goal. It’s literally just saying “my vision is to facilitate every financi…
There's a reason we don't go to the bank to buy bananas, and it isn't because our banks lack "vision".
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#23Sequoia capital published this. That should be in the title. Without knowing that this was a real article published by real people at Sequoia a couple of months ago, this reads like a try-hard troll. No! It’s real! (Sequoia is like the Stanford of venture capital and is one of ftx’s biggest investors)
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#24Related: SBF is still scheduled to speak at a NYT sponsored event. The media sure likes this guy for some reason! https://www.nytimes.com/events/dealbook-summit#speakers
Against better judgement (and advice of counsel, presumably), this guy is still running his mouth to the media. If you had a disgraced former crypto CEO who was still willing to speak at your finance conference, wouldn't you keep him on the docket? I certainly would.
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#25Sequoia capital published this. That should be in the title. Without knowing that this was a real article published by real people at Sequoia a couple of months ago, this reads like a try-hard troll. No! It’s real! (Sequoia is like the Stanford of venture capital and is one of ftx’s biggest investors)
And then quietly deleted it, lol.
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#26Earlier quoted context omitted.
Especially with Elon, who is the definition of failing up and getting lucky (see Zip2, Tesla, Space-X). Just having capital was enough to have actually intelligent people flocking to him. When Elon makes decisions (see PayPal, Twitter) they are shit.
See here's the problem. Getting distracted by the "spaceman bad" programming, while being robbed blind by media darlings like SBF. An actual fraud.
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Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#27Whenever you hear of a VC's "due diligence", remember this.
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#28Earlier quoted context omitted.
> No, just no. Why is the MSM putting out constant puff pieces about this guy? Just to be clear, this is the archive of a puff piece published on the Sequoia Capital website: they were talking up their book. They took it down when they wrote their investment in FTX down to $0 (from over $200mm). It was neither published recently nor by a MSM outlet.
Alright I’ll delete my rant. I thought it was after the news broke. Admittedly I only made it through a quick scan before becoming enraged.
Please, don't delete it. Even though you ended up ranting against a wrong piece of news (in terms of the timeline of events), your thoughts and takes on it were still interesting enough to ponder. And you admitted the mistake in a reply too, so people can easily see it.
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#29Earlier quoted context omitted.
Especially with Elon, who is the definition of failing up and getting lucky (see Zip2, Tesla, Space-X). Just having capital was enough to have actually intelligent people flocking to him. When Elon makes decisions (see PayPal, Twitter) they are shit.
See here's the problem. Getting distracted by the "spaceman bad" programming, while being robbed blind by media darlings like SBF. An actual fraud.
Musk is an actual fraud: https://twitter.com/capitolhunters/status/159330754193247436...
Elon Musk has lied for 27 years about his credentials. He does not have a BS in Physics, or any technical field. Did not get into a PhD program. Dropped out in 1995 & was illegal. Later, investors quietly arranged a diploma - but not in science.
Edit: Here's a link to the sources with everything: https://drive.google.com/drive/folders/1zPeWaaCZHqfq0tnkPwc6...
Re: Sam Bankman-Fried Has a Savior Complex–and Maybe You Should Too
#30Related: SBF is still scheduled to speak at a NYT sponsored event. The media sure likes this guy for some reason! https://www.nytimes.com/events/dealbook-summit#speakers
I guess you're going for the vested interests or conspiracy angle, but it's not necessarily reasonable, e.g. I'd love to hear more from him, I had no interest in FTX or this "SBF" guy until it crashed.