So tired of this bs that tries to whitewash SBF.
He did not build one of the best private investment portfolios.
Even with Anthropic they’d be down -30%.
He stole customer money, allowing him to take an insane amount of bets - but you mostly hear people talking about the winners.
They invested *at least* $5.2B of user funds, and $4B+ more funnelled to Alameda: $9.2B in total.
Even if they still owned their full share of Anthropic today, that’d have only been $4B~
What you don’t hear about the tremendous number of massive losers:
-80 acre agriculture
-Arf
-Hidden Road
-Dave (down round)
-Edge trade works
-MAPS
-Mina
-BetDex
-Swim
-Juiced
-Mecurial
-Planetshift
-Mysten (down valuation)
-TOSS (massive down round)
-Yuga
-Chipper Cash (massive down round)
-Exodus
-Stocktwits (fell off entirely)
-Storybook (bankrupt/shutdown)
-MobileCoin
-Stacked
-3Commas
-Paxos
-Mythical Games
-Mask Network
-Syn
-Reef
-PStake
-Serum
-Math network
-Media network
-Hget
-TryBots
-Tulip
-Bao
-Hxro
-Ramp
-Front Wallet
-Oxygen
-Sifchain
-Razor network
-Dub
-Drip Labs
-Metamap
-Jet
Etc, etc, etc
Their biggest ones were:
-Modulo Capital - which was all marked down to market
-Genesis - we know how that turned out
-K5 - this one did ok.
-Anthropic - did fine.
The present day value of their portfolio if it wasn’t liquidated would be around $5B-$6B *at best*
Only saved by the Anthropic investment.
It would still be down massively.
SBF was not a good investor.
He just stole enough money to take infinite shots.
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