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my guy comes from the "elite", both his parents are stanford professors, i'm sure a smart guy like him can raise money.


Tons of smart people born to elite professors and almost zero percent of them end up billionaires(notionally at least).


Ah yes, the mysterious elite and their impenetrable opaque social circles that spawn wunderkind out of thin air...


Aren't they just referring to the rich elite class that uses nepotism?


i'm sure SBF is very smart, i just meant more like "How would this guy get access to that kind of capital"


The article mentions it. He started doing the arb with $50k of his own money through a bank account another Effective Altruist in Japan helped him set up, then:

> With SBF’s initial $50,000 compounding at 10 percent each day, the next step was to increase the amount of capital. At the time, the total daily volume of crypto trading was on the order of a billion dollars. Figuring he wanted to capture 5 percent of that, SBF went looking for a $50 million loan. Again, he reached out to the EA community. Jaan Tallinn, the cofounder of Skype, put up a good chunk of that initial $50 million.


Just good nature and good nurture.


Spawn investment money out of thin air




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