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We Should Have Known- FTX
Matt Ober
November 10, 2023
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A wild event in the Bahamas cohosted with SALT. A massive investment round. There were too many signs. We Should Have Known…
SBF is someone I met multiple times when he was raising money from every large VC, hedge fund with a crossover fund, and financial institution. He was a savant. I remember hearing from someone I worked closely with, “I haven’t met someone and felt this way after a meeting since the the time I met Zuckerberg when Facebook was a private company.”
Sam had a way of entertaining a group of investors with his brilliance and sales that you rarely see. The perfect story of building his company for the purpose of giving away all his riches, with the MIT degree and experience at one of the most secretive hedge funds in the world - Jane Street.
BUT, we should have known. Anyone who attended the SALT Conference which was in partnership with FTX in the Bahamas should have known. Who puts on such an elaborate event with the highest level of government officials, financial institution leaders, and celebrities at such a young age for the company? It was so over the top with many rooms paid for byFTX for VIP guests. Drinks, music, speakers and don’t forget the FTX swag. This Bluetooth speaker is something I have in my office from the event. Something to remind me that when it sounds too good to be true, it often is.
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