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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 ...
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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...
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
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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Did Su Zhu reach too far, too quickly and got burnt bad?
I followed Su Zhu’s story with great interest.
I first heard of him at least 1.5 years ago when I was going down the crypto rabbit hole.
He, along with many others, had a cult of personality, and was like a warlord.
And Crypto Twitter was his battlefield.
And boy did he wage wars and command respect.
Amassing nearly half a million followers, people worshipped him.
Of course.
Why wouldn’t they?
Su Zhu was spearheading one of the largest crypto hedge fund in the world.
He has a strong resume, a good track record and a throng of die-hard fans supporting his every move.
He was making bold predictions, making big money and making magic, quite literally.
This may not be the exact yacht Su Zhu bought, but you get the point.
Su Zhu is the Co-Founder, CEO, and CIO of Three Arrows Capital.
“The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows Capital, the Singapore-based fund that had once boasted of having as much as $10 billion in assets — pretty much all of it in digital currencies, non-fungible tokens, and the like.”
Like Do Kwon, Arthur Hayes, Cobie, Elon, Michael Saylor and many others, Su Zhu was so entertaining on Twitter.
Fiery at times, witty with his comebacks and sticking to his gut.
Giving advice on when to buy in a bear market.
Telling people what to do on Twitter.
Theorized a supercycle in crypto and backtracked saying it was all wrong.
Su Zhu’s supercycle theory was quite entertaining.
Misleading regulators and MAS in Singapore.
Buying $50M mega yachts with cash.
His $35M good-class bungalow in Singapore, which was moved to a trust for their 3 yo child.
Yup, their baby has a trust with an exclusive, multi-million dollar GCB in it.
That is what I call “set for life”.
Getting too chummy with Do Kwon.
Making huge, ultra-risky bets with his hedge fund.
He confidently tweeted that Luna collapse will not affect 3AC.
Like many others, was shilling Luna aggressively, before it came apart.
Blamed everything on BTC tumbling down in price.
You know what they say right.
Scrutinise anyone long enough and you will find dirt.
The point is not to put Su Zhu or anyone down.
They did what they had to do, to get what they wanted.
Somehow, we were the ones who got fooled or perhaps we enabled people like him.
Greed is universal.
So maybe it really is on us, the people, the listeners, the followers, the ones who give these warlords “imaginary powers and strength”, to really be a bit more discerning.
To be a little more thoughtful and appreciative.
There will always be another Su Zhu or Do Kwon to take their places when they are dethroned.
You can trust me on that.
We just need to be more discerning and smarter with what we consume and read, before supporting and making irreversible decisions.
-
Will there be more Su Zhus and Do Kwons in the future?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #suzhu #meme #3ac #downfall #lessons #twitter #dokwon #ceo #money
Did Su Zhu reach too far, too quickly and got burnt bad?
I followed Su Zhu’s story with great interest.
I first heard of him at least 1.5 years ago when I was going down the crypto rabbit hole.
He, along with many others, had a cult of personality, and was like a warlord.
And Crypto Twitter was his battlefield.
And boy did he wage wars and command respect.
Amassing nearly half a million followers, people worshipped him.
Of course.
Why wouldn’t they?
Su Zhu was spearheading one of the largest crypto hedge fund in the world.
He has a strong resume, a good track record and a throng of die-hard fans supporting his every move.
He was making bold predictions, making big money and making magic, quite literally.
This may not be the exact yacht Su Zhu bought, but you get the point.
Su Zhu is the Co-Founder, CEO, and CIO of Three Arrows Capital.
“The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows Capital, the Singapore-based fund that had once boasted of having as much as $10 billion in assets — pretty much all of it in digital currencies, non-fungible tokens, and the like.”
Like Do Kwon, Arthur Hayes, Cobie, Elon, Michael Saylor and many others, Su Zhu was so entertaining on Twitter.
Fiery at times, witty with his comebacks and sticking to his gut.
Giving advice on when to buy in a bear market.
Telling people what to do on Twitter.
Theorized a supercycle in crypto and backtracked saying it was all wrong.
Su Zhu’s supercycle theory was quite entertaining.
Misleading regulators and MAS in Singapore.
Buying $50M mega yachts with cash.
His $35M good-class bungalow in Singapore, which was moved to a trust for their 3 yo child.
Yup, their baby has a trust with an exclusive, multi-million dollar GCB in it.
That is what I call “set for life”.
Getting too chummy with Do Kwon.
Making huge, ultra-risky bets with his hedge fund.
He confidently tweeted that Luna collapse will not affect 3AC.
Like many others, was shilling Luna aggressively, before it came apart.
Blamed everything on BTC tumbling down in price.
You know what they say right.
Scrutinise anyone long enough and you will find dirt.
The point is not to put Su Zhu or anyone down.
They did what they had to do, to get what they wanted.
Somehow, we were the ones who got fooled or perhaps we enabled people like him.
Greed is universal.
So maybe it really is on us, the people, the listeners, the followers, the ones who give these warlords “imaginary powers and strength”, to really be a bit more discerning.
To be a little more thoughtful and appreciative.
There will always be another Su Zhu or Do Kwon to take their places when they are dethroned.
You can trust me on that.
We just need to be more discerning and smarter with what we consume and read, before supporting and making irreversible decisions.
-
Will there be more Su Zhus and Do Kwons in the future?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #suzhu #meme #3ac #downfall #lessons #twitter #dokwon #ceo #money
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