Sam Bankman-Fried is not good at League of Legends (2022)

ft.com

11 points_mitterpach4 comments

From Wikipedia: Bankman-Fried once played the video game League of Legends while on a call attempting to secure an investment from Sequoia Capital by talking about how FTX would become a “super app.” The investors were "incredibly impressed,” with one calling the call “one of those your-hair-is-blown-back type of meetings.” Afterward, Sequoia ended up investing over $200 million in FTX. An article in the Financial Times later characterized Bankman-Fried's "win ratios" in League of Legends as "average-to-bad".

Could this have been one of the first signs of misleading, lies and fraud?

I don’t think being bad a a game is a negative signal in and of itself, but what is is that he, like Elon, seemed to let people believe that he was extremely good at games as a way to build his own myth.

Exactly. There seems to be this awkward insecurity to prove that their capabilities and knowledge in one realm generalize to some sort of Tony Stark fictional super genius across all fields. I’m sure this is compounded by regularly being lauded in the media and running meetings where 3 comma sums of money are being agreed to, but maybe that points to a broader consolidation problem? I don’t think humans are built to operate like this…

https://archive.is/ppH6Z

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