I agree with some of the thrust of this question, but want to flag that I think these sources and this post kind of conflate FTX being extravagant and SBF personally being so. E.g. if you click through the restaurant tabs were about doordash orders for FTX, not SBF personally. I think it’s totally consistent to believe it’s worth spending a lot on employee food (especially given they were trying to retain top talent in a difficult location in a high-paying field) while being personally more abstemious
As an EA at the time (let’s say mid-2022), I knew there were aspects of the of the FTX situation what were very plush. I still believed it was part of SBF’s efforts to make as much money as possible for good causes, and had heard SBF say things communicating that he thought it was worth spending a lot in the course of optimizing intensely for having the best shot of making a ton of money in the long run, and was generally skeptical of the impact of aiming at frugality. My impression at the time was indeed that the Corolla was a bit of a gimmick (and that the beanbag was about working longer, not saving money), but that SBF was genuinely very altruistic and giving his wealth away extremely quickly by the standards of new billionaires.
I agree with some of the thrust of this question, but want to flag that I think these sources and this post kind of conflate FTX being extravagant and SBF personally being so. E.g. if you click through the restaurant tabs were about doordash orders for FTX, not SBF personally. I think it’s totally consistent to believe it’s worth spending a lot on employee food (especially given they were trying to retain top talent in a difficult location in a high-paying field) while being personally more abstemious
As an EA at the time (let’s say mid-2022), I knew there were aspects of the of the FTX situation what were very plush. I still believed it was part of SBF’s efforts to make as much money as possible for good causes, and had heard SBF say things communicating that he thought it was worth spending a lot in the course of optimizing intensely for having the best shot of making a ton of money in the long run, and was generally skeptical of the impact of aiming at frugality. My impression at the time was indeed that the Corolla was a bit of a gimmick (and that the beanbag was about working longer, not saving money), but that SBF was genuinely very altruistic and giving his wealth away extremely quickly by the standards of new billionaires.
I don’t think I saw the 80k thing in particular at the time