Evidence receipt / evaluation
Published · transcript-backedSam Bankman-Fried: evaluation
15 Dec 2021 Acquired FTX (with Sam Bankman-Fried & Mario Gabriele)
“In the end, most of our initial growth came from power users, the people who are spending hours a day in the ecosystem, and would try out every new exchange that came, and use the ones that they liked the most, that was the best fit.”
Source trail
Everything needed to verify it.
- Speaker
- Sam Bankman-Fried
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 15 Dec 2021
- Publisher
- Acquired
Transcript context
…By the way, we've got a giant amount of volume from our sister company, Alameda, on the platform. So there's a big counterparty if you want to trade with us. Right. It helps basically solve this problem of, well, you're just starting up an exchange. Sometimes there's a catch 22, where, how did you get volume without liquidity? How did you get liquidity without volume? This gave a solution to that of basically starting with liquidity so that people could come and trade. We took a lot of feedback, we had the iterating. In the end, most of our initial growth came from power users, the people who are spending hours a day in the ecosystem, and would try out every new exchange that came, and use the ones that they liked the most, that was the best fit. We really do marketing, per se. Eventually, we learned how to tweet. That was about it. Which is very important in crypto.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.