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We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
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Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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We are in the thick of crypto winter.
Just when you thought everybody has packed up and gone home to hibernate and no one will be able to raise a cent, someone actually just raised web3 money.
It’s akin to spotting a Golden Phoenix while walking the Sahara desert.
“Brett Harrison, the former president of FTX.US, has raised $5 million for a new crypto startup called Architect that will build trading software tailored toward large investors and institutions”
Potatoes gonna potate and builders gonna build during the bear market.
Good market or bad market, hustlers will hustle and you can do what everyone thinks is difficult, and sometimes, even the impossible.
That is what is proven right here.
Sure, being the ex-President of FTX US definitely helps his street cred.
But not much too.
Brett Harrison was embroiled in the whole FTX saga too when it sank like a Titanic.
It dragged everything and everyone down with it.
Apparently, Brett suffered reputational damage too.
He was having an extra hard time convincing investors that he had nothing to do with the scams FTX was pulling off.
He resigned from FTX months before it blew up.
Sources say that he was incredibly frustrated with the FTX upper management and senior leadership, AKA Sam Bankman-Fried (SBF).
Apparently, Brett claims that SBF was very unwilling to share information with the US team, very uncooperative and was extremely difficult to work with.
“It’s clear from what has been made public that the scheme was held closely by Sam and his inner circle at FTX. com and Alameda, which I was not a part of, nor were other executives at FTX.US,” Harrison wrote. “I understand now why they carefully concealed their criminal activity from us. We have extensive professional networks, our own lines of communication with US regulators and our own authority to speak to US media.”
It may check out.
Because now we all know SBF was hiding all the accounting and did not want anyone else to see the mess he created.
Brett and the entire FTX US team might have been deliberately kept in the dark all along.
Apparently, FTX US and FTX are very, very far apart and function very independently.
Although some say that his resignation indicated that he might actually have known all about the criminal activities beforehand.
Brett actually did a mega tweetstorm to debunk the notion that he knew what evil chicanery SBF was orchestrating at FTX.
He openly denied knowing anything material and stated unequivocally that SBF deliberately hid things from the US team.
Funnily, some of the people that Brett managed to raised from, who trusted him enough, had direct ties to FTX.
FTX actually bought and owned shares in some of the companies that were part of the round that Brett eventually raised.
Just how much entanglement and dependencies are there amongst the players in the crypto space?
So much drama!
Never a dull day in crypto land.
-
Do you believe FTX US knew nothing about what was happening at FTX?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #ftx #brettharrison #bearmarket #architect #ftxus #sbf
We are in the thick of crypto winter.
Just when you thought everybody has packed up and gone home to hibernate and no one will be able to raise a cent, someone actually just raised web3 money.
It’s akin to spotting a Golden Phoenix while walking the Sahara desert.
“Brett Harrison, the former president of FTX.US, has raised $5 million for a new crypto startup called Architect that will build trading software tailored toward large investors and institutions”
Potatoes gonna potate and builders gonna build during the bear market.
Good market or bad market, hustlers will hustle and you can do what everyone thinks is difficult, and sometimes, even the impossible.
That is what is proven right here.
Sure, being the ex-President of FTX US definitely helps his street cred.
But not much too.
Brett Harrison was embroiled in the whole FTX saga too when it sank like a Titanic.
It dragged everything and everyone down with it.
Apparently, Brett suffered reputational damage too.
He was having an extra hard time convincing investors that he had nothing to do with the scams FTX was pulling off.
He resigned from FTX months before it blew up.
Sources say that he was incredibly frustrated with the FTX upper management and senior leadership, AKA Sam Bankman-Fried (SBF).
Apparently, Brett claims that SBF was very unwilling to share information with the US team, very uncooperative and was extremely difficult to work with.
“It’s clear from what has been made public that the scheme was held closely by Sam and his inner circle at FTX. com and Alameda, which I was not a part of, nor were other executives at FTX.US,” Harrison wrote. “I understand now why they carefully concealed their criminal activity from us. We have extensive professional networks, our own lines of communication with US regulators and our own authority to speak to US media.”
It may check out.
Because now we all know SBF was hiding all the accounting and did not want anyone else to see the mess he created.
Brett and the entire FTX US team might have been deliberately kept in the dark all along.
Apparently, FTX US and FTX are very, very far apart and function very independently.
Although some say that his resignation indicated that he might actually have known all about the criminal activities beforehand.
Brett actually did a mega tweetstorm to debunk the notion that he knew what evil chicanery SBF was orchestrating at FTX.
He openly denied knowing anything material and stated unequivocally that SBF deliberately hid things from the US team.
Funnily, some of the people that Brett managed to raised from, who trusted him enough, had direct ties to FTX.
FTX actually bought and owned shares in some of the companies that were part of the round that Brett eventually raised.
Just how much entanglement and dependencies are there amongst the players in the crypto space?
So much drama!
Never a dull day in crypto land.
-
Do you believe FTX US knew nothing about what was happening at FTX?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #ftx #brettharrison #bearmarket #architect #ftxus #sbf
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