SBF

@SBF_FTX ↗

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Last Checked Nov. 15, 2022

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Wed Oct 13 10:07:27 +0000 2021

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SBF @SBF_FTX

9) People often quote "valuation ~ 20x": but 20x what? The company would either raise at $20b, $18b, or $2b, depen… https://t.co/MhTj2CYIPt — PolitiTweet.org

Posted Oct. 13, 2021

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SBF @SBF_FTX

8) So we run into Weird Thing #1: often companies will disguise scaling expenses as fixed expenses, and then VCs wi… https://t.co/1KZ8RfMoyY — PolitiTweet.org

Posted Oct. 13, 2021

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SBF @SBF_FTX

10) Ok, let's move on to another oddity. Take Company A: a crypto exchange that made $100m of revenue last year wi… https://t.co/GKQJm91zHn — PolitiTweet.org

Posted Oct. 13, 2021