S1 Ep4: Fast Friends and Fast Money
Tales From The Crypto: The Rise and Fall of FTX
Audio Up Inc.
4.2 • 1.4K Ratings
🗓️ 24 October 2023
⏱️ 33 minutes
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| 0:00.0 | My first in person meeting with Sam is September of 2021. We're at the Javitt Center. We've built a pavilion for him inside of the conference hall for FTX. He's got a major league baseball, hit a pitch sort of thing over there. He's got pods set up to have meetings with people. And then he comes to my VIP dinner that evening. He sits next to me. I bring my friend Kevin O'Leary, who's a spokesman for him, to the dinner. There's other |
| 0:39.6 | people at the dinner. We have a great dinner. He turns to me and says, wow, how do you know all |
| 0:44.2 | these people? I said, well, look, I'm old enough to be a dad. I'm going to get 35 years of |
| 0:48.5 | relationships on Wall Street. These people I consider friends and business associates, and I'd be |
| 0:53.8 | very happy to share these |
| 0:55.0 | relationships with you. Okay, great. We should think about a multiple year deal to sponsor your |
| 1:01.8 | conference. Okay, great. We leave the conference. We enter into a three-year deal. We decide that |
| 1:09.7 | we are going to continue our conference in Abu Dhabi. We're |
| 1:12.7 | going to go back to Singapore where we've done our conference before. And then my team, my |
| 1:17.8 | conference team suggests Sam and his team, what about a cryptocurrency-centric conference in |
| 1:24.7 | the Bahamas? That's where you're moving your business. He's already moved there, |
| 1:28.2 | by the way. And the Bahamar Hotel is a beautiful place. We're tight with the Rosewood owner, |
| 1:34.3 | Henry Chang. And so I say to them, they have a beautiful conference facility at the Bahamas |
| 1:39.6 | hotel. We could run Crypto Bahamas there. You could showcase the island of the Bahamas. |
| 1:45.2 | It's in your backyard. |
| 1:47.0 | We could bring 24, 2,500 people. |
| 1:50.4 | What do you guys say? |
| 1:51.6 | Let's do it. |
| 1:52.7 | Okay. |
| 1:53.3 | It's a deal. |
| 1:59.0 | So my first time at FDX headquarters was in January of 2022. |
| 2:06.6 | And it was the Martin Luther King Jr. vacation week. |
... |
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