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Published · transcript-backed

Sam Bankman-Fried: uncertainty

15 Dec 2021 Acquired FTX (with Sam Bankman-Fried & Mario Gabriele)

“Just bumming around the Bay Area and seeing what happened was one of them. Trying to find some startups, I don't know what was one of them.”

— Sam Bankman-Fried

Source trail

Everything needed to verify it.

Speaker
Sam Bankman-Fried
Attribution
Verified speaker
Claim type
uncertainty
Recorded
15 Dec 2021
Publisher
Acquired

Transcript context

…What was on that list? It was a pretty diverse list. Example of things on that list, politics. Going into politics is one of them. Becoming a journalist was one of them. Working at a nonprofit was one of them. Just bumming around the Bay Area and seeing what happened was one of them. Trying to find some startups, I don't know what was one of them. Fundraising for nonprofits was one of them. I didn't feel very confident about which direction to go. I felt compelled in a lot of different conflicting ways. It's impossible, from the outside, looking at you in this story not to make the analogy to 30 years earlier. Jeff Bezos, Mario made that analogy in his great pieces. How does that resonate with you? Of course, Jeff is leaving D.E. Shaw, a quantitative trading hedge fund, because he saw the huge opportunity of the internet, and was like, I don't know what I'm going to do on the internet, but I'm gonna do something.…

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