Brett Harrison — FTX US former president speaks out

布雷特·哈里森——前FTX美国总裁公开发声

Dwarkesh Podcast

2023-03-13

2 小时 37 分钟
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单集简介 ...

I flew out to Chicago to interview Brett Harrison, who is the former President of FTX US President and founder of Architect. In his first longform interview since the fall of FTX, he speak in great detail about his entire tenure there and about SBF’s dysfunctional leadership. He talks about how the inner circle of Gary Wang, Nishad Singh, and SBF mismanaged the company, controlled the codebase, got distracted by media, and even threatened him for his letter of resignation. In what was my favorite part of the interview, we also discuss his insights about the financial system from his decades of experience in the world's largest HFT firms. And we talk about Brett's new startup, Architect, as well as the general state of crypto post-FTX. Watch on YouTube. Listen on Apple Podcasts, Spotify, or any other podcast platform. Read the full transcript here. Follow me on Twitter for updates on future episodes. Timestamps (0:00:00) - Passive investing & HFT hacks (0:08:30) - Is Finance Zero-Sum? (0:18:38) - Interstellar Markets & Periodic Auctions (0:23:10) - Hiring & Programming at Jane Street (0:32:09) - Quant Culture (0:42:10) - FTX - Meeting Sam, Joining FTX US (0:58:20) - FTX - Accomplishments, Beginnings of Trouble (1:08:11) - FTX - SBF's Dysfunctional Leadership (1:26:53) - FTX - Alameda (1:33:50) - FTX - Leaving FTX, SBF"s Threats (1:45:45) - FTX - Collapse (1:53:10) - FTX - Lessons (2:04:34) - FTX - Regulators, & FTX Mafia (2:15:42) - Architect.xyz (2:30:10) - Institutional Interest & Uses of Crypto Get full access to Dwarkesh Podcast at www.dwarkesh.com/subscribe
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  • You are probably gonna be fired for this letter that you wrote.

  • Sam is gonna destroy your professional reputation.

  • Like, where do you think you're gonna be able to work after FTX?

  • It was, he was threatening me.

  • When I knew Sam, when he was 21, 22 years old, he was like a happy, healthy-looking kid.

  • When I got to FTX, I saw someone who was very different than that person I remember.

  • And it felt like he was spending virtually no time helping the company move forward.

  • It was so much about image.

  • brand and PR.

  • Media was primed for the archetype that was Sam.

  • It doesn't matter how little time he spent with the company,

  • it doesn't matter how he treated employees internally.

  • Architect, it makes it really easy to access kind of all corners of the digital asset ecosystem.

  • Okay, today I have the pleasure of speaking with Brad Harrison,

  • who is now the founder of Architect,

  • which provides traders with infrastructure for accessing digital markets.

  • Before that, he was the president of FTXUS.

  • And before that, he was the head of ETF technology at Citadel.

  • And he has a large amount of experience in leadership positions in finance and tech.

  • So this is going to be a very interesting conversation.