I attended the SBF trial. It was one of the most mind-blowing experiences of my life.
Seeing him get a 25 year sentence today is as surreal as it felt sitting right behind him in that courtroom.
Here’s my story of that day:
> be Justin Sun
> spawn in China in 1990
> graduate from Peking Uni (harder to get into than Harvard), then UPenn
> found Peiwo, China’s largest live chat app with 10M users
> become Jack Ma’s golden boy protégé
> CCP: “this guy's promoting aural porn” → permaban
> at 23, join
Figma just left $2.3 BILLION on the table -- nearly double what they actually raised.
IPO'd at $33. Target open at $95.
That's not "market excitement". It's deliberate underpricing and legalized theft by investment banks who sold it cheap to their institutional buddies. Retail
Know a hedge fund who made $200M off the Figma IPO
Called up Goldman Sachs the night before the IPO, got in at $33 and dumped first day at $130
Your reminder it doesn’t take founding something to get rich
Know a guy who made $15M off the Figma IPO.
Worked there 5 years, got in at $300M valuation and initial comp was 75k/yr of equity
Your reminder it doesn't take founding something to get rich.
Figma just left $2.3 BILLION on the table -- nearly double what they actually raised.
IPO'd at $33. Target open at $95.
That's not "market excitement". It's deliberate underpricing and legalized theft by investment banks who sold it cheap to their institutional buddies. Retail
i'm a hard believer that anyone is always 2-3 good decisions away from an exponential that makes the rest of their career look like a footnote
look back on the past 2-3 yrs and u'll be surprised by how many ppl 10x outperformed expectations out of nowhere
never underestimate
i'm a hard believer that anyone is always 2-3 good decisions away from an exponential that makes the rest of their career look like a footnote
look back on the past 2-3 yrs and u'll be surprised by how many ppl 10x outperformed expectations out of nowhere
never underestimate
A Fantom Thesis.
The L1 rotation is gaining momentum, and there’s nothing you can do to stop it. I condensed 50 pg of research into the most comprehensive thread on FTM yet.
A NEAR Thesis.
@NEARProtocol is the fastest sharded PoS chain with unique sharding tech, high multi-chain interoperability, and relentless focus on UX/DevX.
1/x
