Recession Cancelled: Crypto Summer Is Here | Weekly Round-up
Supply Shock
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The Rise and Fall of FTX
Back in 01, we backed this company. They got laid off in the recession. And he said, you know, can I take my project? Like, yeah, whatever. We don't even know what dense wave multiplexing is. He had an idea that if you shine light through a fiber optic cable, it takes X data,. But that'll never work. Turns out it works to 256 X. So you can increase fiber optic capacity. Company called Sienna. His third grade teacher retired gave him her life savings 300,000 bucks bad decision, actually, but turned out really nicely turned into 300 million bucks. It became a world beater company. The last straw for me
Play episode from 01:10:39
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