Matt Levine
speaker
4,268 appearances
11 recordings
1 series
first heard Jun 2026
last heard 3d ago
Matt Levine’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Jul 2026 with 5.
Appearances
And I also, I mentioned this in a footnote, but there's another guy who had bad funding for his anthropic bets.
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One way to think about Sam Bankman, Freed, is that he was a really smart venture capital investor in AI.
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He bought
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I think he had a couple of other like very cool positions, but certainly he was a very early, very big investor in Anthropic and bought a stake in Anthropic that, you know, they sold it a couple of years ago in the bankruptcy estate, but like he had like 8% of it.
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I had enormous, you know, stuff that's worth tens of billions of dollars today.
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But he bought that with like the very worst short-term funding imaginable, which is like
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money stolen from the customers of the crypto exchange.
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He would say not stolen, right?
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Money borrowed, money, whatever, money from the customers of his crypto exchange.
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And when your crypto exchange, you know, when people try to withdraw money and you're like, I'm sorry, I can't give you the money.
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It sounds really, really bad, even though like, you know, the line is great.
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Right, right.
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And so that worked out very, very poorly for him.
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Leopold Aschenbender did work in some sort of FTX fund at some point.
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Yes.
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Crucially, did not do that.
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He borrowed money from banks on prime brokerage terms very, you know.
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In very normal ways, but it does sort of lead to the same problem, which is it can be blown out of the bets prematurely, right?
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Right.
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Like, you know, if Sam Bankman Freed had kept his anthropic bet, it would be worth $100 billion today.
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Showing 2121–2140 of 4,268 · page 107 of 214
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