Sam Bankfield-Fried: gambling on thin air
Posted: Wed Feb 12, 2025 9:45 am
On the other hand, Holmes’ fame came hand in hand with the explosion of mainstream feminism: for the billionaire dinosaurs who invested in Theranos, supporting Holmes was a way to feel progressive without having to actually challenge the status quo. In fact, Holmes actively promoted this image of herself as a feminist icon, an “iron woman” capable of breaking the glass ceiling. However, the only thing Holmes achieved for women entrepreneurs is to delegitimize them. In the wake of the scandal, many find it impossible to get funding for their projects. Silicon Valley remains a hostile place for women.
This crypto golden boy was literally born on the gansu mobile number database Stanford campus, the cradle of outsized ambition. In 2017, at the age of 25, he founded Alameda Research, a quantitative trading firm, and soon after, after attending a cryptocurrency conference, he created FTX, a cryptocurrency derivatives exchange. The company raised $400 million in its first round of funding and thus began a meteoric rise.
According to the Bloomberg Billionaires Index, Bankfield-Fried went on to amass a net worth of $25 billion. Until 2022, when FTX experienced a “solvency crisis”. The company went bankrupt overnight.
Sam Bankman-Fried Forbes
After the initial surprise, reports began to emerge from various sources saying that this was bound to happen. According to company employees, decisions were made by chat and no records were kept. Board meetings were never held, there was no accurate accounting, and there were no records of who worked at FTX.
This crypto golden boy was literally born on the gansu mobile number database Stanford campus, the cradle of outsized ambition. In 2017, at the age of 25, he founded Alameda Research, a quantitative trading firm, and soon after, after attending a cryptocurrency conference, he created FTX, a cryptocurrency derivatives exchange. The company raised $400 million in its first round of funding and thus began a meteoric rise.
According to the Bloomberg Billionaires Index, Bankfield-Fried went on to amass a net worth of $25 billion. Until 2022, when FTX experienced a “solvency crisis”. The company went bankrupt overnight.
Sam Bankman-Fried Forbes
After the initial surprise, reports began to emerge from various sources saying that this was bound to happen. According to company employees, decisions were made by chat and no records were kept. Board meetings were never held, there was no accurate accounting, and there were no records of who worked at FTX.