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#1133 Frank Chaparro On The FTX Fallout

The Pomp Podcast

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Venture Capital Is a Home Run Business

In hindsight alameda and ft or alameda were they were borrowing money with collateral tied to the firm themselves so you have this wrong way collateral that effectively doubles down the risk of their counterparty right. If the collateral is let's say the collateral was gatorade if ftx goes down does an impact gatorade the collateral is still good but if ftX goes down and your collateral serum ftt salana to an extent that's a different game that's bad yeah. Back in 2017 2018 um i literally got boot off a stage on a fair of touches uh there was a uh a battleship should have known already the conference was on a battleship  i was invited to speak

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