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Podcast: Read & Repeat
Episode: EP69 The Rise and Fall of FTX
Description: In this episode, we cover the rapid rise and stunning fall of crypto darling, FTX. Sam Bankman-Fried and his firm FTX provide us with a number of incredible INVERT lessons, such as never installing a board or CFO, hiring anyone who walks through the front door, spending hundreds of millions on sports marketing in a non-core market, and lacking all forms of accountability. We discuss how the internal controls within FTX ran counter to the company's external perception, as tons of VCs and celebs wanted to get in on the action even when they didn't know what was going...