The Greatest VC Investor Who went to Prison
In 2022, FTX collapsed. Sam Bankman-Fried went to prison. Lawyers took over.
What most people don't know is that buried inside FTX was one of the greatest venture portfolios ever built. A 500 million dollar bet on Anthropic. A 200,000 dollar seed check into Cursor. Millions of Solana tokens bought at almost nothing.
The lawyers sold all of it. Fast. At the worst possible time.
The Cursor stake they sold for 200,000 dollars is now worth 3 billion after SpaceX's acquisition offer. The Anthropic stake they sold for 1.3 billion is now worth 64 billion at an 800 billion dollar valuation.
This is the real FTX story. Not the fraud. Not the courtroom. The greatest accidental venture fund in history and how the people cleaning it up had no idea what they were holding.
LinkedIn: / gabrieljarrosson
X: https://x.com/GJarrosson
Substack: https://substack.com/@lobstercap
TIMESTAMPS:
00:00 SpaceX Buys Cursor Shock
01:02 FTX Biggest Misses
02:09 How FTX Owned AI Stakes
02:34 FTX Hidden VC Machine
03:58 Collapse Into Bankruptcy
05:00 Cursor Stake Fire Sale
05:55 Cursor Explodes After Sale
06:54 Anthropic Stake Sold Too Early
08:26 Valuation Rocket Ship
09:23 Pattern of Bad Liquidations
10:28 Why Bankruptcy Forces Selling
12:13 Lessons on Holding Winners
13:45 Final Takeaway and Outro
#FTX #Anthropic #CursorAI #SamBankmanFried #VentureCapital #AIStocks #CryptoCrash #StartupInvesting #TechFinance #SpaceX#AIInvesting #PrivateMarkets #Solana #FinancialMistakes #Blockchain