Bankman-Fried: FTX's revenue is clean, clear, and completely transparent
Sam Bankman-Fried · FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired · Dec 15, 2021 · at 48:37
Sam Bankman-Fried explains to Acquired why FTX raised venture capital easily compared to Alameda Research, pointing to FTX's clean, legible transaction-fee business model.
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“When you talk about, like, recurring revenue, like, there's sort of, like, doesn't exist a clearer example of that than, like, you know, I don't know, we have volume each day, and we charge a transaction fee on it, right? It's incredibly clean, right? People are like, is this revenue real? Yeah, it's like, I don't know, it's all public.”
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