Ask HN: How did Sam Bankman-Fried get initial capital and how much initial capital did he have in Alameda Research and FTX?<p>What type of US company / corporation was Alameda Research and FTX, and which concessions from the government did these have?
If one believes the cringeworthy, gag-inducing story told by Silicon Valley VC, SBF started Alameda with 50K of his own (or perhaps his donors' or his parents') money.<p><a href="https://web.archive.org/web/20220922164619/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/" rel="nofollow noreferrer">https://web.archive.org/web/20220922164619/https://www.sequo...</a><p>Alameda was a Limited Liability Corporation (LLC) registered in Delaware in 2017.<p>Not sure what is meant by "concessions from the government".<p>FTX Trading Ltd was not a US company. It was registered in Antigua and Barbuda. Neither was its subsidiary FTX Digital Markets Ltd which was registered in the Bahamas.