Archive: investing lessons
Angel Insider: Investing Lessons From the FTX Disaster
By Early Investing on November 29, 2022
The FTX disaster is still getting top billing in the financial press these days. The crypto exchange — which was backed by major venture capital (VC) investors — collapsed after news broke that founder Sam Bankman-Fried had been secretly moving customer money to his trading firm and blowing it on bad investments. Now thousands of FTX customers are terrified they won’t get their money back. The bankrupt crypto exchange and its now disgraced founder are invoking…
A Truly Terrifying Tale of a Terrible Investment
By Allison Brickell on October 5, 2022
My friend Jason told me it was a great idea. “He’s already got tons of regulars,” he said. “They love his drinks. And we would get shares at a discount because he knows my brother! He just needs some money to get this new place started.”…