Cryptocurrency

The Institutional Investors Who Lost With FTX



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Since its launch in 2019, FTX has raised $1.8bn and was most recently valued at $32bn. Among its shareholders are some of the world’s most-respected hedge fund managers and Venture Capitalists.

Now with FTX having filed for bankruptcy, their investments look to be a complete wipeout. Investors including Sequoia, SoftBank and Paradigm, which was co-founded by former Sequoia partner Matt Huang, have marked their holdings in the company to zero, vaporising hundreds of millions of dollars in value.

FTX’s list of investors spans powerful and well-known investment firms: NEA, IVP, Iconiq Capital, Third Point Ventures, Tiger Global, Altimeter Capital Management, Lux Capital, Mayfield, Insight Partners, Sequoia Capital, SoftBank, Lightspeed Venture Partners, Ribbit Capital, Temasek Holdings, BlackRock and Thoma Bravo.

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44 Comments

  8. Carlos Gomez Silva

    SuperApp? You mean something like a mix of Tencent WeChat and a Crypto Wallet? 🙂. Great Analysis Patrick!. You explained things in a way that an average joe like me could understand. Happy Thanksgiving, keep the good work.

  10. naswinger

    I have grand scale visions too. Maybe a VC firm wants to fund my dream of having a stack of money that reaches the moon! I will even install League of Legends for the presentations.

  11. Jane Wang

    funny and serious! great video. love the final part mentioning how the endorsement of these VCs enabled the loss of ordinary people's significant wealth…they should be held responsible

  14. Lee

    Smells like a premeditated scam. Too many smart people did dumb things. Too many friends and family got big houses. Too much money disappeared. Too much hype. Too many magazine covers.

  18. elif ilhan

    And in countries like Turkey, even the really impactful startups are begging for just $100K VC investments.. Look, guys, just stop showering other people’s money on frauds who cannot even put a presentation together.. or whatever, go and search for your money in the Bahamas. Any serious investor would look at this gentleman and conclude that he isn’t even good for serving tea, let alone heading a financial exchange.. Only really sad part of the story is Toyota Corolla, which is a true people’s car, being abused for fraudulent purposes

  22. Goran Josic

    But Patrick, it must be admitted that you have a special sense of humor – you know how to put down the person you are criticizing in a nice and cultured way, without batting an eye and being terribly funny! 😆

  28. adam otf sechler

    I can only rofl because no one cared to listen to me about true and real solutions that are transparent and sustainable. This is all funny because yall are crying when you have no merit, at the end of the day

  29. ARLENE HUTCHINSON

    People learn better when they laugh 😉 and I know that we're laughing with you..though the Professor Snape 🧐look today startled me so I only nervously giggled 🤷🏾‍♀️😅😅
    You carefully avoided mentioning Blackrock so I can only guess there is a tombstone over anyone who does 👁👀
    Thanks as always have a great day 😀

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