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How Sam Bankman-Fried made $10 billion by the age of 28 | FTX

April 1, 2021 1:09:55 1592

Sam Bankman-Fried and FTX made headlines when they acquired the naming rights to Miami’s basketball stadium. We talk about how he got there, including everything from his childhood to his experience juggling arbitrage in Japan.

00:00 Introductions
02:00 What it’s like to be Sam Bankman-Fried these days
03:40 Sam at 12 years old vs. Sam today
08:00 Making money to donate money: Donating to the Biden campaign
11:30 How do you track results of a donation?
13:50 Philosophies surrounding giving and philanthropy
17:20 Why are international ETF’s messy?
23:13 Sam’s arbitrage in Japan
35:07 Naming your company so the banks don’t shut you down
36:45 Do market makers add value to the world?
38:58 Why did Sam start an exchange? (FTX)
45:48 The Blockfolio acquisition
52:20 Naming rights to the Miami Heat stadium is cooler than a patch on a jersey
57:04 What’s the value of FTX?
1:01:15 What’s next for Sam?
1:03:29 RAPID FIRE
1:07:36 JASON ANSWERS