Claure: I Invested $150M Into FTX at SoftBank Due to FOMO
Marcelo Claure · Marcelo Claure & Shu Nyatta: LATAM's New $500M Growth Fund; Investing Billions at SoftBank | E1042 · 20VC with Harry Stebbings · Jul 31, 2023 · at 1:04:12
Marcelo Claure, former CEO of SoftBank Group International, details his mistake of investing $150 million of SoftBank capital into crypto exchange FTX.
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“So I invested hundred and fifty million dollars on FTX, which I mean, apologies to SoftBank, because I should have never made that investment, but it's probably one decision that has changed my life forever. I'm never going to invest in something that I don't truly understand, and I'm never going to invest based on what everybody else is investing.”
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