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Forbes Daily Briefing

Sam Bankman-Fried’s Venture Bets Would Have Made Him $100 Billion Richer Had He Stayed Out Of Prison

Forbes Daily Briefing

Forbes

Business, Tech News, News

4.418 Ratings

🗓️ 8 May 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

Spend enough time on X these days and you may see a number of posts marveling at Sam Bankman-Fried’s venture “genius.” Had FTX not imploded, its founder might now be remembered as one of the greatest venture investors ever, they say. Anthropic, Cursor, Robinhood — these were just a few of the hundreds of bets Bankman-Fried made when his crypto empire was thriving.  “The fact that Sam invested early in Anthropic and Cursor is astonishing,” marvels Rory O’Driscoll, a partner at Scale Venture Partners, of two of Silicon Valley's leading artificial intelligence companies. Cursor, an AI coding specialist, has recently struck a deal with SpaceX potentially valuing it at $60 billion, and Anthropic, one of the AI leaders, is being valued at $900 billion. “To pick two of the most important companies in the post-’21 crash and nail it…What a talent, what a willingness to look at new stuff before the ChatGPT moment, when people were saying, ‘this might work, who knows.’” Except, of course, for the matter of whose money Bankman-Fried was investing. Once hailed as the “next Warren Buffett,” he is serving a 25-year federal prison sentence in San Pedro, CA for orchestrating one of the largest financial frauds in history and stealing more than $8 billion from FTX customers, in part to fund these investments. Before his arrest in December 2022, he graced the cover of the Forbes 400 and was estimated to have a personal fortune of $24 billion at its peak. By Nina Bambysheva, Deputy Editor Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Some follow the noise.

0:03.3

Bloomberg follows the money.

0:05.4

Because behind every headline is a bottom line.

0:09.3

Whether it's the funds fueling AI or crypto's trillion dollar swings,

0:13.8

there's a money side to every story.

0:16.5

And when you see the money side, you understand what others miss.

0:20.8

Get the money side of you understand what others miss.

0:22.3

Get the money side of the story.

0:25.3

Subscribe now at Bloomberg.com.

0:32.0

Right, home from work, walk the dog, kids are back.

0:32.6

Mom!

0:34.7

Up the stairs for something.

0:39.3

Back down, no idea what I went up for. Mom, what's for dinner?

0:41.3

Chop, sizzle, done.

0:44.3

Hello Fresh can't slow life down, but it makes bringing everyone together around the table a whole lot easier.

0:51.3

So it's phones down, forks up.

0:53.3

Hello Fresh. Bring back dinner time.

0:57.6

Spend enough time on X these days, and you may see a number of posts marveling at Sam Bankman-Fried's

1:04.0

venture, quote, genius. At FTX not imploded, its founder might now be remembered as one of the greatest venture

1:11.6

investors ever, they say.

1:13.6

Anthropic, Cursor, Robin Hood, these were just a few of the hundreds of Betts Bankman

1:19.7

Freed made when his crypto empire was thriving.

...

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