Investing in FTX and losing billions of dollars, founder of private equity fund Thoma Bravo vows to 'never touch' cryptocurrency again
According to CNBC, Orlando Bravo, founder of Thoma Bravo, a US private equity investment firm, stated that he learned many lessons from his failed investment in cryptocurrency exchange FTX and that he and his company will no longer be involved in cryptocurrency.
Orlando Bravo referred to FTX as "the world's most cutting-edge and advanced cryptocurrency exchange" over three years ago, when his company assisted in leading a $900 million investment in the exchange, valuing it at $18 billion. According to reports, Thoma Bravo's investment in FTX is $130 million.
However, FTX filed for bankruptcy at the end of 2022, with senior executives of the exchange accused of misappropriating over $8 billion in customer funds, and its founder Sam Bankman Fried (SBF) implicated in large-scale fraud and conspiracy crimes. In March of this year, a US judge sentenced SBF to 25 years in prison.
Bravo stated in an interview with CNBC last week that he and his company Thoma Bravo will permanently exit the cryptocurrency market after that disaster.
Once you make a mistake, once you suffer a loss in something, our philosophy and mine are to never touch it again, "Bravo said." Even if it turns out you missed out on a big market trend
Thoma Bravo was founded in 2008 and currently manages approximately $160 billion in assets. The company has risen in the technology field in recent years and has planned multiple multi billion dollar acquisitions, including cybersecurity software provider Proofpoint, property management software company RealPage, finance and supply chain software developer Anaplan, and expense management software company Coupa.
Despite the failure in investing in FTX, Bravo stated in an interview that the memory blockchain technology behind cryptocurrencies still has prospects, but whether it is Bitcoin itself or companies in the field, Bravo will avoid further exposure.
Personally, I am a supporter of memory blockchain. I believe it is a powerful way to achieve many things, suitable for many application scenarios, and I have always believed in this, "Bravo said." From an investment perspective, when you make a mistake, you will probably let go and move forward
Related reports: "SEC reserves the right to oppose FTX restructuring plan; bankruptcy proceedings accumulate over 800 million magnesium", "FTX founder SBF trades rice in prison, claiming better arbitrage opportunities but still believes he is innocent", "Temasek arrests war criminals for FTX investment case, related teams and senior executives receive salary cuts"
(责任编辑:金店)
-
另外,它也促进了快递业的发展。...[详细]
-
不在VIP的站点,内容优质,可以被展示到时效性中;而VIP垂类开放,是针对优质的原创时效性站点,我们将会给到VIP服务,主要看内容是否优质了...[详细]
-
人活在世,谁不想幸福! 今天坤鹏论和大家聊聊幸福感这个话题。...[详细]
-
创业时技术、项目、产品和运营都做过的金志雄,有时也会纠结到底该选哪个职位:去了管理职位觉得高级研发也可以做,去了研发岗又觉得别的也可以做。...[详细]
-
Wormhole 将价值 360 亿美元的狗狗币整合到 Solana:详情
并熟悉使用各大工具来发现ASM的投放效果,以及关键词竞争热度分析等,这里建议大家使用蝉大师ASM量化托管工具。...[详细]
-
” 在郑方看来,实体经济和虚拟经济应该是有机联合起来的,它们并不是对立的关系。...[详细]
-
这个模式在线下非常成熟,但在线上目前希望能够做一些探索。...[详细]
-
纳斯达克上市后,Amber Group 转手发了个「Memecoin」
” 俏江南的第一家店开在了北京国贸,专攻写字楼商务人群。...[详细]
-
据说,当天就卖出去7.5亿,20栋均价千万的豪宅别墅在3个月内全部销售一空。...[详细]
-
百度取消新闻源的消息一出来,很多人就在讨论,这是不是要把那些时效性差的传统媒体往死了逼?我倒是觉得,既然存在就是合理了,这些媒体残喘了多年依然活着,恐怕还能继续活一段时间,再说也不是非要把它全部铲除殆...[详细]